X

Britannia Q4 profit beats estimates, TVS Motor plans to export EVs

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
₹4,62638 (+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
₹1,21545 (+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.


Disclaimer:

Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client and such material should not be redistributed. We do not recommend any particular stock, securities and strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.

Categories: F&O