Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 25 May)
| Nifty50 Max Call OI | 18,200 |
| Nifty50 Max Put OI | 18,200 |
| Max Pain | 18,200 |
| PCR | 0.85 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 43,000 |
| Max Pain | 43,800 |
| PCR | 1.12 |
⭐PNB's net profit surges multifold
₹49 ▲1 (+2.0%)
The public sector bank reported a 474% jump in net profit to ₹1,159 crore in Q4 FY23. The jump was driven by an increase in net interest income and a decline in provisioning for bad loans. Against this backdrop, the open interest of its May futures contract dropped 4.6%—indicating short covering.
⭐Muthoot Finance slips on subdued Q4
₹1,035 ▼15 (-1.4%)
Muthoot Finance's net profit grew by 0.3% to ₹1,009 crore in Q4FY23. The increase in provisioning for bad loans and employee expenses took a toll on the profit. Meanwhile, the open interest of its May futures contract jumped over 6%—indicating a short build-up.
⭐MCX Q4 profit tumbles
₹1,353 ▼1 (-0.1%)
Multi Commodity Exchange of India (MCX) reported a net profit of ₹5.4 crore for the March quarter, down 85% YoY. The sharp drop in the profits was due to higher software support charges. Meanwhile, the open interest of its May futures contract fell marginally by 0.6%—indicating long unwinding.
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