Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 11 May)
| Nifty50 Max Call OI | 18,200 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,100 |
| PCR | 0.8 |
| Bank Nifty Max Call OI | 43,500 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 43,000 |
| PCR | 0.5 |
⭐Britannia Q4 profit beats estimates
₹4,626▲38 (+0.8%)
The FMCG major’s net profit rose 47% YoY to ₹558 crore in the March quarter. The sharp growth in the profit was driven by an intensified cost-efficiency program coupled with moderation in commodity inflation. The company’s revenue from operations grew 13% YoY to ₹4,023 crore. Meanwhile, the OI of its May futures contract rose 5.2%—indicating a long build-up.
⭐TVS Motor plans to export EVs
₹1,215▲45 (+3.9%)
The two-wheeler manufacturer said it plans to increase its electric manufacturing capacity as it prepares for new launches this year. The management said the company plans to export its EVs to developed markets in the current fiscal year. Against this backdrop, the OI of its May futures contract fell 1.2%—indicating short covering.
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