ZEE posts net loss in Q4, Tata Chemicals tumbles

Blog | F&O

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Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines  ⤵️

Options setup (Expiry: 1 June)

Nifty50 Max Call OI 19,200
Nifty50 Max Put OI 18,300
Max Pain 18,300
PCR 0.86
Bank Nifty Max Call OI 44,000
Bank Nifty Max Put OI 43,500
Max Pain 43,600
PCR 0.81

ZEE posts net loss in Q4
₹178▼ 2 (-1.1%)

ZEE Entertainment reported a net loss of ₹198 crore in Q4FY23. The company had posted a net profit of ₹182 crore in the March quarter last year. The sharp decline in profit was attributed to a slowdown in advertising spends, investments in ZEE5, film launches and sports. Meanwhile, the open interest of its June futures contract surged 37%- indicating a short build-up.

Tata Chemicals tumbles
₹958▼ 28 (-2.9%)

Shares of Tata Chemicals fell over 3% on Thursday after the company once again slashed soda ash prices. The company revised the price of light soda ash to ₹33,900 per MT from ₹35,100 per MT earlier, the lowest level in 15 months. Against this backdrop, the open interest of its June futures contract surged 23%- indicating a short build-up.



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