April 27, 2023

Heubach Group taps HCL Tech's expertise

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: 27 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	43,000
Bank Nifty Max Put OI	42,500
Max Pain	42,700
PCR	1.3

⭐Heubach group taps HCL Tech's expertise
₹1,065 ▲11 (+1.1%)

Shares of HCL Tech rose more than 1% on Wednesday, while the OI of its May Futures contract rose 34%, indicating a long build-up. This comes after global pigment manufacturer Heubach Group selected the IT major to deliver a new IT system across 11 countries to boost productivity and growth.

⭐Maruti to double production capacity
₹8,485 ▲16 (+0.1%)

Maruti Suzuki, the country's largest car maker, announced a new production capacity of 10 lakh units annually. Meanwhile, in Q4, the company reported a 42.7% YoY jump in its net profit to ₹2,623 crore. Additionally, the OI of its May Futures contract rose 41%, indicating a long build-up.

⭐Dalmia Bharat to acquire JP's cement assets
₹1,940 ▲19 (+0.9%)

Dalmia Bharat announced that it will acquire the JP Associates' select cement, clinker, and power plants for ₹1,500 crore. Meanwhile, the OI of its May Futures contract rose 14%, indicating a long build-up.

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