Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 25 May)
| Nifty50 Max Call OI | 18,200 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,200 |
| PCR | 0.75 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 43,700 |
| PCR | 0.94 |
⭐Bharti Airtel bucks the trend
₹800 ▲7 (+0.9%)
Shares of the second largest telecom operator were up almost 1%, while the open interest of its May futures contract rose 1.4%, indicating a minor long build-up. This comes after the company's March quarter results beat Street estimates. The company's net profit jumped 49% YoY to ₹3,006 crore, driven by continued 4G subscriber additions and improvement in ARPU.
⭐GAIL plummets on weak Q4
₹106 ▼4 (-3.6%)
The largest gas distributor's net profit for the March quarter dropped 77% YoY to ₹603 crore, due to weakness in its petrochemical business. Against this backdrop, the open interest of its May futures contract rose 11%, indicating a minor short build-up.
⭐AU Bank hits all-time high
₹750 ▲19 (+2.6%)
Shares of the AU Small Finance Bank jumped more than 2% on Thursday, while the open interest of its May futures contract rose 0.5%, indicating a minor long build-up. This comes after the bank's net profit for the March quarter jumped 23% year-on-year to ₹425 crore, driven by higher net interest income.
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