Bajaj Finserv Sees Significant Open Interest Surge Amid Active Market Participation

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 46,274 contracts, reflecting a rise of 5,094 contracts or 12.37% from the previous open interest of 41,180. This uptick coincides with a trading volume of 42,732 contracts, indicating active market participation.
In terms of price performance, Bajaj Finserv is currently trading at Rs 2,036, which is 4.91% away from its 52-week high of Rs 2,135. Despite this, the stock has underperformed its sector by 0.93% today, following a trend reversal after five consecutive days of gains. The stock reached an intraday low of Rs 2,005, marking a decline of 2.37%.

Bajaj Finserv continues to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend. Additionally, the delivery volume has seen a notable increase, rising by 41.84% against the 5-day average, which reflects heightened investor activity. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 6.32 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for Bajaj Finserv.