Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 18 May)
| Nifty50 Max Call OI | 18,300 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,300 |
| PCR | 1.09 |
| Bank Nifty Max Call OI | 43,500 |
| Bank Nifty Max Put OI | 43,500 |
| Max Pain | 43,500 |
| PCR | 1.31 |
⭐Eicher Motors Q4 earnings beat estimates
₹3,604▲199 (+5.8%)
The Royal Enfield manufacturer's net profit rose 48% YoY to ₹905 crore, on the back of robust sales across domestic and global markets. Against this backdrop, the OI of its May futures contract jumped 3% - indicating a long build-up.
⭐HPCL shines on strong Q4
₹260▲2 (+0.9%)
The state-run oil refiner's net profit jumped 78% YoY to ₹3,608 crore in the March quarter on higher refining margins and sales. On Friday, the OI of its May futures contract fell marginally by 0.65%, indicating a short covering.
⭐Intellect Design Arena jumps 14%
₹532▲65 (+14.0%)
Shares of Intellect Design Arena were in focus on Friday after the company's FY23 revenue crossed the ₹2000 crore mark. In the March quarter, the fintech's revenue jumped 24% year-on-year to ₹621 crore. However, the company's net profit fell 4% to ₹91 crore in Q4FY23 due to higher expenses. Meanwhile, the OI of its May futures contract rose by 1.7% - indicating a long build-up
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