Deepak Nitrite jumps on capex plan, Dixon’s Q4 profit rises

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: 25 May)

Nifty50 Max Call OI 18,400
Nifty50 Max Put OI 18,200
Max Pain 18,300
PCR 0.87
Bank Nifty Max Call OI 44,000
Bank Nifty Max Put OI 43,500
Max Pain 44,700
PCR 0.72

Deepak Nitrite jumps on capex plan
₹2,132▲ 181 (+9%)

Deepak Nitrite surged more than 9% on Wednesday after its subsidiary announced that it will invest around ₹5,000 crore in Gujarat over the next four years. Against this backdrop, the open interest of its June futures contract rose 23.1% - indicating long build-up.

Dixon’s Q4 profit rises
₹3,503▲227 (+6%)

Dixon Technologies' net profit surged 28% to ₹81 crore in Q4FY23, helped by improved margins on the back of healthy performance in the home appliances and mobile phones + EMS businesses. Meanwhile, open interest of its June futures contract rose 30.2% - indicating long build-up.

India Cements loss widens
₹190▼ 5 (-2%)

India Cements' loss widened to ₹218 crore in the March quarter of FY23 compared to ₹24 crore in the same quarter last year. The sharp decline in profit was due to a one-time exceptional loss and higher raw material, power and fuel costs. Meanwhile, the open interest of its June futures contract rose 41.2% - indicating short build-up.


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