Bajaj Finserv Sees Significant Open Interest Surge Amid Increased Market Activity

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 68,795 contracts, marking a notable rise of 10,652 contracts or 18.32% from the previous OI of 58,143. This surge in OI comes alongside a trading volume of 197,896, indicating heightened activity in the stock.
In terms of price performance, Bajaj Finserv has underperformed its sector by 0.3%, with the stock recording a 1D return of -2.50%. Over the past two days, the stock has faced consecutive declines, totaling a drop of 3.72%. Today, it reached an intraday low of Rs 1,932.9, reflecting a decrease of 4.89% at its lowest point. The weighted average price suggests that more volume was traded closer to this low price.

Despite the recent downturn, Bajaj Finserv maintains a market capitalization of Rs 3,16,606.69 crore, positioning it firmly within the large-cap category. The stock's liquidity remains adequate for trades up to Rs 4 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Bajaj Finserv.