Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 04 May)
| Nifty50 Max Call OI | 18,200 |
| Nifty50 Max Put OI | 18,000 |
| Max Pain | 18,050 |
| PCR | 0.87 |
| Bank Nifty Max Call OI | 43,500 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 43,200 |
| PCR | 1.09 |
⭐Indigo hits 52-week high
₹2,166 ▲98 (+4.7%)
Shares of India’s biggest airline by market share surged more than 4% on Tuesday on expectations of a higher market share after Go First filed for bankruptcy. Meanwhile, the OI of its May futures contract jumped 20%—indicating a long build-up.
⭐Havells shines on strong Q4
₹1,244 ▲19 (+1.5%)
Havells India‘s net profit rose 2.5% YoY to ₹362 crore in the March quarter, supported by strong sales of air conditioners. The company’s revenue grew 10% YoY to ₹4,850 crore. Against this backdrop, the OI of its May futures contract surged 9%—indicating a long build-up.
⭐M&M Financial jumps on strong disbursements
₹271 ▲5 (+2.0%)
Shares of the NBFC rallied 2% on the back of a surge in disbursements and collections in April 2023. The company’s disbursements grew 39% YoY to ₹3,775 crore. Meanwhile, the OI of its May futures contract surged 6%—indicating a long build-up. The call option OI of 275 and 280 strikes dropped 31% and 25%, respectively.
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