Bank of Baroda Sees 12.91% Surge in Open Interest to 84,346 Contracts

Bank of Baroda, a prominent player in the public sector banking industry, has recently experienced a significant increase in open interest (OI). The latest OI stands at 84,346 contracts, reflecting a rise of 9,643 contracts or 12.91% from the previous OI of 74,703. This uptick in OI comes alongside a trading volume of 42,368 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Bank of Baroda is currently trading close to its 52-week high, just 2.8% away from Rs 273.1. Despite this, the stock has faced challenges recently, having declined by 2.14% over the past three days. Notably, it has outperformed its sector by 0.53% today, even as the broader market, represented by the Sensex, has seen a decline of 0.61%.

The stock's liquidity remains robust, with a delivery volume of 41.5 lakh shares on October 23, although this represents a 10.35% decrease compared to the five-day average. Additionally, Bank of Baroda offers a high dividend yield of 3.13% at the current price, further highlighting its position in the market. Overall, the increase in open interest signals a notable shift in trading dynamics for Bank of Baroda, reflecting ongoing market engagement.