Bajaj Finance Ltd Sees Surge in Call Options with 3,329 Contracts at Rs 950 Strike

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 market engagement. The stock, trading under the ticker BAJFINANCE, has seen notable activity in its call options, with 3,329 contracts traded at a strike price of Rs 950, resulting in a turnover of approximately Rs 730.96 lakhs. The open interest stands at 2,812, indicating a robust interest in this option.
Currently, Bajaj Finance is valued at Rs 947.0, just 3.3% shy of its 52-week high of Rs 978.8. The stock has outperformed its sector by 1.48% today and has shown a consistent upward trend, gaining 5.22% over the past five days. It reached an intraday high of Rs 949.5, reflecting a 2.32% increase for the day.

In terms of moving averages, Bajaj Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong bullish trend. However, it is worth noting that delivery volume has decreased by 26.24% compared to the 5-day average, suggesting a decline in investor participation. With a market capitalization of Rs 5,88,182.22 crore, Bajaj Finance remains a significant entity in the financial landscape. Overall, the stock's performance today highlights its active status in the market, driven by underlying trends and metrics.