Bajaj Finserv Sees 11.99% Surge in Open Interest to 73,794 Contracts
Bajaj Finserv Ltd has seen a notable rise in open interest, reaching 73,794, alongside a trading volume of 39,517, indicating increased activity in the derivatives market. The stock is trading near its 52-week high, although delivery volume has declined significantly compared to recent averages.
Bajaj Finserv Ltd, a prominent player in the holding company sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 73,794, reflecting a rise of 7,902 from the previous OI of 65,892, marking an 11.99% change. This uptick in OI comes alongside a trading volume of 39,517, indicating heightened activity in the derivatives market.In terms of price performance, Bajaj Finserv is currently trading close to its 52-week high, just 3.12% away from Rs 2,195. However, the stock has underperformed its sector by 1.29% today, with a 1D return of -2.02%. The stock touched an intraday low of Rs 2,124, reflecting a decrease of 2.13%. Notably, the weighted average price suggests that more volume was traded near this low price point.
Despite the increase in OI, delivery volume has seen a decline, falling by 56.38% against the 5-day average, with a total delivery volume of 2.05 lakh shares on October 27. The liquidity remains adequate for a trade size of Rs 4.02 crore, based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights a shift in market dynamics for Bajaj Finserv, warranting attention from market participants.
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