Bajaj Finserv Sees 14.63% Surge in Open Interest to 76,424 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 76,424 contracts, reflecting a rise of 9,754 contracts or 14.63% from the previous open interest of 66,670. This uptick in open interest comes alongside a trading volume of 33,897 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Bajaj Finserv is currently trading close to its 52-week high, just 2.03% away from Rs 2,195. However, the stock has underperformed its sector by 0.81% today, with a 1D return of -1.33%. Notably, the stock has seen a trend reversal after three consecutive days of gains. Despite this, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend.

The liquidity of Bajaj Finserv is also noteworthy, with a delivery volume of 6.92 lakh shares on October 23, reflecting a 1.26% increase against the 5-day average delivery volume. Overall, the increase in open interest and the stock's current positioning highlight a dynamic trading environment for Bajaj Finserv.