Bajaj Finserv Sees Surge in Open Interest Amidst Market Performance Challenges

Bajaj Finserv Ltd, a prominent player in the holding company sector, has experienced a significant increase in open interest today. The latest open interest stands at 64,729 contracts, reflecting a rise of 6,259 contracts or 10.7% from the previous open interest of 58,470. This uptick comes alongside a trading volume of 29,025 contracts, indicating active market engagement.
In terms of market performance, Bajaj Finserv has underperformed its sector by 0.42%, with a 1D return of -0.63%. The stock has been on a downward trend, recording a decline of 2.12% over the past three days. Despite this, it remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages.

Investor participation appears to be waning, as evidenced by a delivery volume of 1.74 lakh on May 28, which has decreased by 69.98% compared to the 5-day average. The liquidity of Bajaj Finserv remains adequate for trades up to Rs 4.22 crore, based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for Bajaj Finserv highlights a shift in market dynamics, even as the stock grapples with recent performance challenges.