Good morning!☕🗞️
Check out the open interest of the companies from the F&O corner that are making headlines ⤵️
Options setup (Expiry: 13 April)
| Nifty50 Max Call OI | 18,000 |
| Nifty50 Max Put OI | 17,500 |
| Max Pain | 17,600 |
| PCR | 1.2 |
| Bank Nifty Max Call OI | 42,000 |
| Bank Nifty Max Put OI | 40,500 |
| Max Pain | 41,000 |
| PCR | 0.9 |
⭐Tata Motors up on JLR sales
Tata Motors: ₹437 ▲ 11 (+2.6%)
Tata Motors shares ended in green after the wholesale volumes for Jaguar Land Rover (JLR), a wholly-owned subsidiary of Tata Motors, recorded a wholesale volume rise of 24% on a year-on-year basis. Meanwhile, the OI of the Tata Motors futures contract rose 0.7%, indicating a long buildup.
⭐Dabur shares fall 4%
Dabur: ₹525 ▼ 22 (-4.0%)
Share of Dabur fell 4% on Thursday after the FMCG major said it will report mid-single-digit growth in revenue for Q4 FY23, while the increased spending on its brands will also lead to operating margin pressures. Meanwhile, the OI of the Dabur futures contract rose 11%, indicating a short buildup.
⭐Cholamandalam surges on loan growth
Cholamandalam Finance: ₹841 ▲ 58 (+7.5%)
Shares of Cholamandalam Finance surged over 7% and hit a new 52-week high after the company reported strong loan growth in the fourth quarter. Meanwhile, the OI of the Cholamandalam Finance futures contract rose 24%, indicating a long buildup.
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