BEL rises on defence export thrust

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

Options setup (Expiry: 06 April)

⭐BEL rises on defence export thrust
BEL: ₹91 ▲ 1 (+1.3%)

Bharat Electronics shares turned a corner on Wednesday. They rose more than 1%, along with other defence sector shares, after Union Defence Minister Rajnath Singh remarked that defence sector exports would increase to ₹35,000-₹40,000 crore by 2026. Meanwhile, the OI of the BEL futures contract rose 34%, indicating a long build-up. The 27th April call option OI of 92 and 93 strikes rose 26% and 33%, respectively.

⭐NTPC subsidiary signs new contract
NTPC: ₹174 ▲ 2 (+1.1%)

NTPC shares settled with gains on Wednesday after the company’s subsidiary NTPC Renewable Energy signed a term sheet with Greenko ZeroC to supply round-the-clock RE power of 1,300 MW capacity for its Green Ammonia plant in Kakinada. Against this backdrop, the shares of NTPC rose over 1%, while  the OI of the NTPC futures contract rose 34%, indicating a long build-up.

⭐Zydus Lifesciences receives new drug approval
Zydus Lifesciences: ₹490 ▲ 5 (+1.1%)

Zydus Lifesciences shares advanced after receiving final approval from the US FDA for Loperamide Hydrochloride capsules, the generic Imodium capsules. Meanwhile, the OI of the Zydus Lifesciences futures contract rose 21%, indicating a long build-up.

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