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 derivatives market.
In terms of market performance, Bajaj Finserv is currently trading close to its 52-week high, just 4.33% away from Rs 2,195. However, the stock has underperformed its sector by 0.63% today, marking a decline of 1.52% in its one-day return. Over the past three days, the stock has faced consecutive losses, totaling a drop of 3.05%.

Despite these challenges, Bajaj Finserv maintains a strong market capitalization of Rs 3,36,259.79 crore, positioning it firmly within the large-cap category. The stock's liquidity remains robust, with a delivery volume of 1.29 lakh on October 29, although this figure has decreased by 64.39% compared to the five-day average. Overall, the notable increase in open interest highlights a shift in market dynamics for Bajaj Finserv, warranting attention from market participants.