Bajaj Finserv Sees 12.17% Surge in Open Interest to 61,741 Contracts

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 61,741 contracts, reflecting a rise of 6,700 contracts or 12.17% from the previous open interest of 55,041. This uptick in open interest comes alongside a trading volume of 23,886 contracts, indicating heightened activity in the derivatives market.
In terms of financial performance, Bajaj Finserv's stock has underperformed its sector by 1.03% today, with a 1-day return of -0.82%. The stock is currently trading at an underlying value of Rs 2,008. Notably, it is positioned above its 50-day, 100-day, and 200-day moving averages, although it remains below its 5-day and 20-day moving averages.

Investor participation has also seen a notable rise, with a delivery volume of 14.11 lakh shares on September 29, marking an increase of 190.11% compared to the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 4.7 crore based on 2% of the 5-day average traded value.

In summary, the increase in open interest for Bajaj Finserv highlights a notable shift in market dynamics, reflecting active trading behavior amidst a mixed performance landscape.