Bajaj Finserv Sees 21.8% Surge in Open Interest, Reaching 80,628 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 80,628 contracts, reflecting a notable rise of 14,429 contracts or 21.8% from the previous open interest of 66,199. The trading volume for the day reached 77,440, indicating robust activity in the derivatives market.
In terms of price performance, Bajaj Finserv hit a new 52-week high of Rs. 2,195 today. The stock has shown consistent gains over the past three days, accumulating a total return of 4.44% 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 by 76.92% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs. 5.23 crore, based on 2% of the 5-day average traded value. Overall, the surge in open interest alongside the stock's recent performance highlights a dynamic trading environment for Bajaj Finserv.