Bajaj Finserv Sees Significant Open Interest Surge Amid Mixed Stock Performance
Bajaj Finserv Ltd has seen a notable rise in open interest, reaching 63,999 contracts, alongside a trading volume of 39,028 contracts. Despite this increase, the stock has faced recent declines and mixed performance trends, with a significant drop in delivery volume compared to the five-day average.
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 63,999 contracts, reflecting a rise of 7,431 contracts or 13.14% from the previous open interest of 56,568. This uptick comes alongside a trading volume of 39,028 contracts, indicating active participation in the market.In terms of financial metrics, Bajaj Finserv's underlying value is reported at Rs 1,940, with a total futures value of approximately Rs 134,320.53 lakhs and an options value of around Rs 24,920.96 crore. Despite this increase in open interest, the stock has faced challenges, having declined by 1.97% over the past three days. Today, it recorded a 1D return of -1.21%, slightly outperforming the sector's return of -1.22% and the Sensex's decline of -0.65%.
The stock remains above its 200-day moving average but is trading below its shorter-term moving averages, indicating mixed performance trends. Additionally, delivery volume has decreased by 33.04% compared to the five-day average, suggesting a decline in investor participation. Overall, the notable rise in open interest for Bajaj Finserv highlights a dynamic trading environment amidst fluctuating stock performance.
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