Bajaj Finserv Sees Surge in Open Interest Amid Ongoing Price Challenges
Bajaj Finserv Ltd has seen a significant rise in open interest, reaching 70,085 contracts, alongside a trading volume of 33,546 contracts. Despite this increase, the company has underperformed its sector and experienced a decline in delivery volume over the past five days.
Bajaj Finserv Ltd, a prominent player in the holding company sector, has experienced a notable increase in open interest today. The latest open interest stands at 70,085 contracts, reflecting a significant rise of 8,232 contracts or 13.31% from the previous open interest of 61,853. This uptick comes alongside a trading volume of 33,546 contracts, indicating active market participation.In terms of financial metrics, Bajaj Finserv's futures value is reported at Rs 112,642.473 lakhs, while the options value is substantially higher at Rs 22,262,544.045 lakhs, contributing to a total value of Rs 115,014.11345 lakhs. The underlying value of the stock is noted at Rs 1,957.
Despite this increase in open interest, Bajaj Finserv has underperformed its sector by 0.82% today, continuing a downward trend with a 5-day return of -5.14%. The stock has been losing ground for the last five consecutive days, and its delivery volume has decreased significantly, falling by 52.17% compared to the 5-day average.
In summary, while Bajaj Finserv shows increased open interest, it faces challenges in terms of price performance and investor participation.
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