Bajaj Finance Ltd Sees 8,001 Active Call Contracts at Rs 9,300 Strike Price

Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, trading under the ticker BAJFINANCE, saw a notable surge in call options, with 8,001 contracts traded for a strike price of Rs 9,300, resulting in a turnover of approximately Rs 1,479.72 lakhs. The open interest stands at 3,210 contracts, indicating a robust interest in this option.
Today, Bajaj Finance outperformed its sector by 1.03%, with the stock reaching an intraday high of Rs 9,148, marking a 2.4% increase. The performance metrics reveal that the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, there has been a decline in investor participation, with delivery volume dropping by 20.07% compared to the 5-day average.

With an underlying value of Rs 9,244, Bajaj Finance continues to maintain a market capitalization of Rs 5,73,392.22 crore, solidifying its position as a large-cap entity in the financial landscape. Overall, the trading activity today highlights the stock's resilience and market presence within the NBFC sector.