Strota/ Newsroom/ 2026-10-02

BAJAJ-AUTO plunged -7.6% on long unwinding in futures

Strota Newsroom · session of 2026-10-02 · market close · BAJAJ-AUTO stock page →

Bajaj Auto Ltd. (BAJAJ-AUTO) plunged -7.6% to ₹10,045.00 with 2 signals firing. Here is what the exchange data shows.

Bajaj Auto shares fell 7.62% on Thursday, closing at ₹10,045 against a previous close of ₹10,874. The stock opened 1.59% lower, never traded back above the prior close (the session high was ₹10,714) and slid as far as ₹9,900 before settling a little above that low. The broader market was weaker too, but far less so: the Nifty ended the session down 0.88%, which leaves most of Bajaj Auto's decline as a stock-specific move.

The intraday signal Strota logged was a gap-and-hold, meaning the share opened below the previous close and did not recover the gap through the day. Here the opening gap was the smaller part of the story; most of the loss came after the open.

In the derivatives market, positioning stamped to the last close was classified as long unwinding, meaning traders who held bullish futures positions closed them out as the price fell. Open interest, the count of outstanding futures contracts, dropped 4.46%. That dataset records a price fall of 7.76%, close to but not identical with the cash-market figure of 7.62%, so the two readings come from slightly different reference prices. Either way, the footprint points to existing longs exiting rather than fresh short positions being built.

There was no bulk or block deal in the stock during the session, and no insider filings in the past 60 days. The only large trades on record are from 2026-08-04, when the promoter-category Aryaman Family Trust sold shares worth ₹29.0 crore and Bachhraj & Co Private Limited took on the same ₹29.0 crore on the same date. Matching values on the same day indicate a transfer between two parties rather than open-market selling, and at two months old it has no direct bearing on Thursday's fall.

The technical picture shows a stock under sustained pressure. The 14-day relative strength index, a momentum gauge where readings below 30 are usually described as oversold, stood at 21.3. The share is below both its 50-day and 200-day moving averages, sits 19.45% under its 52-week high and is 18.29% above its 52-week low. Over the past week it has lost 10.95%, and over the past month 15.72%. These readings may lag the price by a session, but they are consistent with the direction of the move.

The news context comes from a single fresh headline. According to a report from NDTV Profit, the shares fell more than 7% after weak domestic two-wheeler sales in September. The pack does not include the sales figures themselves. Older headlines about a record high, a share buyback and the first-quarter results date from weeks or months earlier and are background rather than a cause of this session's drop. The company's next results are scheduled for 2026-10-15.

What the data establishes is a sharp, largely stock-specific fall alongside long unwinding in futures and a reported weak September sales print for domestic two-wheelers. What it does not establish is how large that sales shortfall was, or how much of the decline it alone explains, since the evidence carries the headline but not the underlying numbers.

The numbers

Signals that fired

F&O positioning

Futures classified as Long Unwinding — open interest -4.5% with price -7.8% in the latest bhavcopy.

Institutional activity

DateSideCounterpartyType₹ Cr
2026-08-04BUYBACHHRAJ & CO PRIVATE LIMITEDOther29.0
2026-08-04SELLARYAMAN FAMILY TRUSTPromoter29.0

Technical context

Rsi(14) sits at 21; price is 19.4% from the 52-week high.

Upcoming earnings

Results due 2026-10-15 (street EPS estimate 117.44).

Recent headlines

Sources

Keep digging

How this article was made: Strota assembled the exchange data above (prices, F&O open interest, bulk/block deals, SEBI PIT filings, indicator readings and public headlines) and an AI model wrote the narrative strictly from that evidence — it is not permitted to add outside facts or numbers. Every figure comes from the underlying exchange/public data.