Bajaj Finserv Sees 15.02% Surge in Open Interest Amid Strong Price Performance

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 76,145 contracts, reflecting a notable rise of 9,946 contracts or 15.02% from the previous open interest of 66,199. The trading volume for the day reached 54,755 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Bajaj Finserv hit a new 52-week high of Rs. 2,188.7 today, outperforming its sector by 0.48%. The stock has shown consistent gains over the past three days, accumulating a total return of 4.96% during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

However, it is worth noting a decline in investor participation, with delivery volume dropping to 1.67 lakh on October 21, a decrease of 76.92% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 5.23 crore, supported by a market capitalization of Rs 3,50,560.22 crore. Overall, the surge in open interest and the stock's recent performance highlight a dynamic trading environment for Bajaj Finserv.