April 13, 2023

Adani Enterprises enters coal washeries business

Blog | F&O

Good morning!☕🗞️

Check out the open interest of the companies from the F&O corner that are making headlines ⤵️

Options setup (Expiry: 13 April)

Nifty50 Max Call OI	18,000
Nifty50 Max Put OI	17,700
Max Pain	17,750
PCR	1.2

Bank Nifty Max Call OI	41,500
Bank Nifty Max Put OI	41,000
Max Pain	41,500
PCR	1.3

⭐Adani Enterprises enters coal washeries business
Adani Enterprises: ₹1,848 ▲ 44 (+2.4%)

Adani Enterprises shares rose more than 2% after the company said its affiliate would develop, erect and operate coal washeries, including coal washing systems. Meanwhile, the OI of the Adani Enterprises futures contract rose 1.2%, indicating a long buildup.

⭐Divis Lab's exports rise
Divi's Labs: ₹3,209 ▲ 282 (+9.6%)

Divi's Labs shares surged nearly 10% on Wednesday after the company said its exports rose$92 million in March against an average of $55-60 million in the previous 11 months. Meanwhile, the OI of Divis Lab's futures contract rose 9.3%, indicating a long buildup.

⭐Cipla rises in trade
Cipla: ₹919 ▲ 12 (+1.3%)

Shares of Cipla advanced on Wednesday after reports suggested that the company has signed a perpetual licence agreement with Novartis Pharma AG to manufacture and market a treatment range for type 2 diabetes. Meanwhile, the OI of the Cipla futures contract rose 0.4%, indicating a long buildup.

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