Bajaj Finance's Rs 1000 Puts Surge with 2,229 Contracts Traded Today

Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks in today's trading session, particularly in the options market. The stock's underlying value stands at Rs 1021.35, with a notable focus on put options expiring on October 28, 2025. The strike price for these puts is set at Rs 1000, with 2,229 contracts traded, resulting in a turnover of approximately Rs 314.46 lakhs. Open interest for these puts is recorded at 1,747 contracts.
In terms of performance, Bajaj Finance has shown resilience, outperforming its sector by 1.63%. The stock has been on a positive trajectory, gaining 2.56% over the past two days, and it recently reached an intraday high of Rs 1017, reflecting a 2.75% increase. Additionally, Bajaj Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite a decline in investor participation, with delivery volume dropping by 20.18% against the 5-day average, the stock remains liquid enough for trades of Rs 15.08 crore, based on 2% of the 5-day average traded value. As Bajaj Finance continues to navigate the market, its current performance metrics highlight its robust position within the financial landscape.