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PNB's net profit surges multifold, Muthoot Finance slips on subdued Q4

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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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Categories: F&O