Bajaj Finserv Sees 11.29% Surge in Open Interest Amid Increased Trading Activity

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 64,821 contracts, reflecting a rise of 6,576 contracts or 11.29% from the previous open interest of 58,245. This uptick in open interest coincides with a trading volume of 31,079 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Bajaj Finserv has shown resilience, gaining 0.26% today, which is in line with the sector's performance of 0.62%. The stock has managed to reverse a three-day decline, suggesting a potential shift in momentum. Notably, the stock's current price is above its 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day and 20-day moving averages.

Despite a decline in delivery volume, which has fallen by 35.99% compared to the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 3.6 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 3,20,920.79 crore, Bajaj Finserv continues to hold a strong position in the market. The increase in open interest today highlights the evolving dynamics surrounding the stock.