Bajaj Finserv Sees Significant Surge in Open Interest Amid Active Market Participation
Bajaj Finserv Ltd has seen a notable rise in open interest, reaching 82,096 contracts, alongside a trading volume of 45,609 contracts, indicating heightened market activity. Despite a slight decline in stock price, the company maintains strong delivery volume and remains a liquid trading option with a substantial market capitalization.
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 82,096 contracts, reflecting a notable rise of 12,492 contracts or 17.95% from the previous open interest of 69,604. This surge in open interest comes alongside a trading volume of 45,609 contracts, indicating active participation in the market.In terms of price performance, Bajaj Finserv has underperformed its sector by 0.52%, with a slight decline of 0.09% in its stock price today. The stock has shown a trend reversal, falling after three consecutive days of gains. Currently, it is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, but below the 50-day moving average, suggesting mixed momentum.
Additionally, the stock's delivery volume has increased significantly, with 8.55 lakh shares delivered on June 24, marking a 34.66% rise compared to the 5-day average delivery volume. With a market capitalization of Rs 3,22,583 crore, Bajaj Finserv remains a liquid option for trades sized at Rs 5.76 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Bajaj Finserv.
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