Bajaj Finserv Sees 13.57% Surge in Open Interest, Reaching 74,833 Contracts

Bajaj Finserv Ltd, a prominent player in the holding company sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 74,833 contracts, reflecting a rise of 8,941 contracts or 13.57% from the previous OI of 65,892. This uptick in OI comes alongside a trading volume of 47,633 contracts, indicating heightened activity in the stock.
In terms of market performance, Bajaj Finserv is currently trading close to its 52-week high, just 2.87% away from the peak of Rs 2,195. Despite this, the stock has faced a slight decline of 1.68% over the past two days, with a 1D return of -0.35%, while the sector has seen a marginal decline of 0.31%. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

Additionally, the delivery volume on October 28 reached 482,000 shares, marking an 8.55% increase compared to the 5-day average, suggesting a rise in trading activity. With a market capitalization of Rs 3,40,765.63 crore, Bajaj Finserv continues to maintain a liquid trading environment, suitable for transactions of up to Rs 3.45 crore based on recent trading metrics. Overall, the notable increase in open interest highlights a shift in market dynamics for Bajaj Finserv.