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 today. The latest open interest stands at 74,833 contracts, reflecting a rise of 8,941 contracts or 13.57% from the previous open interest of 65,892. This uptick comes alongside a trading volume of 47,633 contracts, indicating active participation in the market.
In terms of market performance, Bajaj Finserv is currently trading close to its 52-week high, just 2.92% away from the peak of Rs 2,195. However, the stock has underperformed its sector by 0.4% today, with a 1D return of -0.35%. Over the past two days, the stock has seen a consecutive decline, totaling a drop of 1.73%.

Despite these challenges, 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. Notably, delivery volume has increased by 8.55% compared to the 5-day average, suggesting a rise in investor participation. With a market capitalization of Rs 3,40,781.60 crore, Bajaj Finserv continues to maintain a liquid trading environment, suitable for transactions of Rs 3.45 crore based on recent trading activity.