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Informist, Tuesday, Nov. 11, 2025

By Anjana Therese Antony

MUMBAI – Traders added aggressive bearish bets to the options chain of Bajaj Finance after the company reduced the guidance for growth in its assets under management for 2025-26 (Apr-Mar). The downward revision in guidance did not go down well with investors and the stock tanked to a one-month low. Premiums on out-of-the-money put options rose manifold while those on call contracts declined over 75%.

On Tuesday, the stock closed over 7% lower at INR 1,005.20 on the National Stock Exchange and was the worst-hit constituent in the Nifty 50, losing almost INR 500 billion in market capitalisation. Almost 24 million shares of the company changed hands on the bourse Tuesday, more than three times the one-month daily average volume of nearly 7 million shares.

Premiums on put contracts INR 990-INR 890 increased 140-250% and those on call options INR 1,020-INR 1,100 declined 78-90%. The highest addition as well as concentration of open interest was at INR 1,100 call and INR 1,000 put strikes. Short bets were also added to the futures chain of Bajaj Finance. The November series closed almost 7% lower and open interest rose 4% to 88.68 million.

Bajaj Finance reduced its growth guidance on assets under management for FY26 to 22-23% from 23-24%. This is because of a set of risk actions the company has taken in micro, small, and medium enterprises business and the revised assessment provided by Bajaj Housing Finance Ltd. on its AUM growth, Vice Chairman and Managing Director Rajeev Jain said in a post-earnings call with analysts Monday. The company's assets under management grew 24% on year to INR 4.62 trillion as of September end, supported by 26% on-year rise in the number of new loans to 12.17 million.

Even though Bajaj Finance is not an index heavyweight, the fall in its shares limited the rise of the Nifty 50 by almost 0.2%. The index closed 0.5% higher at 25694.95 points. The near-term resistance for the 50-stock index is seen at 25750-25800 points and support at 25600-25500 points.

--Nifty 50 November closed at 25831.80, up 137.30 points; 136.85-point premium to the spot index

--Nifty 50 December closed at 26015.00, up 132.10 points; 320.05-point premium to the spot index

--Nifty 50 January closed at 26187.00, up 130.00 points; 492.05-point premium to the spot index

Bajaj Finance, Bharti Airtel, Vodafone Idea, Infosys, Bharat Forge, Bajaj Finserv, Multi Commodity Exchange of India, IndusInd Bank, Britannia Industries, Reliance Industries, Bharat Electronics, ICICI Bank, Bharat Heavy Electricals, Mahindra & Mahindra, and State Bank of India were the most actively traded underlying stocks Tuesday.  End

Edited by Ashish Shirke

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