Bank of Baroda Sees 15.14% Surge in Open Interest to 86,016

Bank of Baroda, a prominent player in the public sector banking industry, has experienced a significant increase in open interest today. The latest open interest stands at 86,016 contracts, reflecting a rise of 11,313 contracts or 15.14% from the previous open interest of 74,703. This surge comes alongside a trading volume of 54,844 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Bank of Baroda is currently trading just 2.84% below its 52-week high of Rs 273.1. Despite this, the stock has faced challenges recently, having declined by 2.17% over the past three days. Notably, it has outperformed its sector by 0.47% today, although it recorded a 1D return of -0.60%, compared to a sector return of -0.98% and a Sensex return of -0.54%.

The stock remains liquid, 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. With a market capitalization of Rs 1,37,196.24 crore, Bank of Baroda continues to maintain a high dividend yield of 3.13%. Overall, the notable increase in open interest highlights a shift in market dynamics for this large-cap bank.