Bajaj Finserv Sees 12.4% Surge in Open Interest, Reaching 74,497 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 74,497 contracts, reflecting a rise of 8,218 contracts or 12.4% from the previous open interest of 66,279. This uptick coincides with a trading volume of 35,616 contracts, indicating active market participation.
In terms of financial metrics, Bajaj Finserv is currently trading close to its 52-week high, just 1.02% away from the peak of Rs 2,195. The stock has outperformed its sector by 0.36% today, with a 1-day return of 0.58%, compared to the sector's return of 0.27% and the Sensex's return of 0.68%. Notably, Bajaj Finserv is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong performance trend.

However, it is worth noting a decline in investor participation, with delivery volume on October 24 dropping by 58.07% compared to the 5-day average. The stock remains liquid, with a trade size of Rs 4.16 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Bajaj Finserv.