Five stocks witnessing short covering
Five stocks witnessing short covering

Five stocks witnessing short covering

Short covering refers to buying back borrowed securities in order to close out an open short position at a profit or loss.

Avalokita Pandey Article rating: 3.5

List of the stocks where sell positions are being covered in the F&O segment.

Five stocks witnessing long unwinding
Five stocks witnessing long unwinding

Five stocks witnessing long unwinding

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

Avalokita Pandey Article rating: 5.0

Following are the stocks where profit booking is seen taking place in the F&O segment.

TVS Motor Company partners with Bahwan International Group to strengthen presence in Iraq
TVS Motor Company partners with Bahwan International Group to strengthen presence in Iraq

TVS Motor Company partners with Bahwan International Group to strengthen presence in Iraq

Bahwan International Group (ARATA International FZC) and their channel partners plan to operate more than 30 dealerships for TVS Motor Company.

DSIJ Intelligence Article rating: 5.0

As per the tri-party deal arrangement, ARATA International FZC will be the new distributor. Building on this partnership, the groups will also explore other avenues of cooperation in Oman and India.

Acrysil starts production of additional units of quartz kitchen sinks
Acrysil starts production of additional units of quartz kitchen sinks

Acrysil starts production of additional units of quartz kitchen sinks

The expansion in production capacity is to meet the growing demand for quartz kitchen sinks in the global market.

DSIJ Intelligence Article rating: 3.7

Acrysil, the largest manufacturer of quartz kitchen sinks in Asia has announced that their capacity expansion of additional 140,000 units at their Bhavnagar plant in Gujarat has been completed. The manufacturing capacity of quartz kitchen sinks has jumped from 700,000 units to 840,000 units per annum.

Coforge tumbles 6 per cent after Q2FY22 result misses street estimates
Coforge tumbles 6 per cent after Q2FY22 result misses street estimates

Coforge tumbles 6 per cent after Q2FY22 result misses street estimates

The board has recommended an interim dividend of Rs 13 per share, and the record date for this payout will be November 8, 2021.

DSIJ Intelligence Article rating: 4.4

India’s leading global IT solutions organization recently announced its financial results for the quarter ended September 30, 2021. The company reported strong growth in revenue, significant expansion in EBITDA margin and has continued increase in its billable headcount. Deal flow has been robust with three large deals secured.

What does the options market suggest about todays trade?
What does the options market suggest about todays trade?

What does the options market suggest about todays trade?

The Nifty 50 Put Call Ratio (PCR) closed above 0.63. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

DSIJ Intelligence Article rating: 5.0

Fresh Put writing was visible at 17500 as well as 18000 on October 22, 2021

Privatization bound BPCL Board approves of the amalgamation of BORL
Privatization bound BPCL Board approves of the amalgamation of BORL

Privatization bound BPCL Board approves of the amalgamation of BORL

Amalgamation is expected to enhance the valuation of BPCL bound for privatization but rising fuel prices may act spoiler.

Shreya Banthia Article rating: 3.9

In the Board Meeting held on October 21, the scheme of amalgamation has been approved by the members. The amalgamation will consolidate BPCL’s presence in Bina facilitating future expansion and diversification in the region. BPCL, which is a Maharatna PSU holds 14-15 per cent of the country’s total refining capacity. Amalgamation is expected to enhance the valuation of BPCL bound for privatization by enhancing its refining capacity. 

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