Aurobindo Pharma shines, HAL to join MSCI global index

Blog | F&O

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Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines  ⤵️

Options setup (Expiry: 1 June)

Nifty50 Max Call OI 18,800
Nifty50 Max Put OI 18,300
Max Pain 18,600
PCR 1.2
Bank Nifty Max Call OI 44,500
Bank Nifty Max Put OI 44,000
Max Pain 44,400
PCR 1.2

Aurobindo Pharma shines
₹649 ▲38 (+6.2%)

Shares of Aurobindo Pharma surged over 6% on Tuesday even as the company's net profit fell 12% YoY to ₹506 crore. However, experts believe that the management's upbeat commentary and strong investments in injectables, biosimilars, vaccines and APIs can have a meaningful impact from FY25. Meanwhile, the open interest of the company's June futures contract dropped over 3%, suggesting a short-covering.

HAL to join MSCI global index
₹3,108 ▲95 (+3.1%)

Shares of the Hindustan Aeronautics jumped over 3% on Tuesday, while the open interest of its June contract slumped 10%, indicating short covering. This comes after Morgan Stanley Capital International (MSCI) added the company to its India Standard Index in its May 2023 rejig.


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