Bajaj Finserv Sees Significant Surge in Open Interest Amid Increased Trading Activity
Bajaj Finserv Ltd has seen a significant rise in open interest, reaching 65,163 contracts, alongside a trading volume of 97,529 contracts. The stock gained 0.93% today after previous declines, with a market capitalization of Rs 3,13,490.95 crore, indicating increased market activity and liquidity.
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 65,163 contracts, reflecting a notable rise of 10,211 contracts or 18.58% from the previous open interest of 54,952. This surge in open interest coincides with a trading volume of 97,529 contracts, indicating heightened activity in the stock.In terms of price performance, Bajaj Finserv has shown resilience, gaining 0.93% today after three consecutive days of decline. The stock reached an intraday high of Rs 1,989.6, marking a 2.35% increase. Despite this uptick, it underperformed its sector by 0.55%. The stock's weighted average price suggests that more volume was traded closer to its lower price points, while it remains above the 100-day and 200-day moving averages, yet below the 5-day, 20-day, and 50-day moving averages.
With a market capitalization of Rs 3,13,490.95 crore, Bajaj Finserv continues to demonstrate liquidity, supporting a trade size of Rs 6.59 crore based on 2% of the 5-day average traded value. The increase in open interest and trading volume highlights a notable shift in market dynamics for Bajaj Finserv, reflecting ongoing developments in the stock's activity.
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