Bajaj Finserv Sees Significant Open Interest Surge Amid Increased Derivatives 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 65,049 contracts, reflecting a rise of 7,314 contracts or 12.67% from the previous open interest of 57,735. This uptick in open interest coincides with a trading volume of 24,989 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Bajaj Finserv has underperformed its sector by 0.47%, with a 1-day return of -0.65%. The stock has traded within a narrow range of Rs 13.8 today. Notably, it is currently positioned above its 5-day, 20-day, and 200-day moving averages, while remaining below its 50-day and 100-day moving averages.

The stock's liquidity remains robust, with a delivery volume of 12.64 lakh shares on August 21, marking an impressive increase of 85.87% compared to the 5-day average delivery volume. With a market capitalization of Rs 3,14,305.84 crore, Bajaj Finserv continues to maintain a significant presence in the market. Overall, the increase in open interest highlights a notable shift in trading dynamics for the stock.