Bajaj Finserv Sees Surge in Open Interest Amid Increased Market 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 81,677 contracts, reflecting a rise of 8,671 contracts or 11.88% from the previous open interest of 73,006. This uptick in open interest is accompanied by a trading volume of 56,477 contracts, indicating active participation in the market.
In terms of performance, Bajaj Finserv has shown resilience, gaining 1.66% over the last two days. The stock's current price is aligned with its sector performance, with a 1D return of 0.77%, compared to a sector return of 0.53% and a Sensex return of -0.34%. The stock is trading above its 5-day, 100-day, and 200-day moving averages, although it remains below its 20-day and 50-day moving averages.

Additionally, the liquidity of Bajaj Finserv is noteworthy, with a delivery volume of 11.59 lakh shares on June 20, marking a 95.09% increase against the 5-day average delivery volume. The market capitalization of the company is approximately Rs 3,13,954 crore, categorizing it as a large-cap entity. Overall, the increase in open interest and robust trading activity underscores the stock's current market dynamics.