Higher consumption would lift local prices and boost margins of sugar producers such as Balrampur Chini, Shree Renuka Sugars, Bajaj Hindusthan, and Dwarikesh Sugar and help them in making cane payments on time to farmers.
Fresh positions are not allowed for any of the F&O contracts in these particular stocks while they are under the ban period by the stock exchanges. - Newsx
Nischal Maheshwari of Centrum Broking highlights market triggers like monsoon and the earnings season. Top picks include HDFC Bank and RBL in the private sector. Paytm s unclear revenue model makes it best avoided at the current prices. The metal sector is facing challenges with rising costs as well as stagnant prices.
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Jefferies raised the target price of Indigo shares to Rs 3,435 from Rs 2,500 on the back of the company s strong capacity growth guidance. In a review note, the US brokerage sees limited impact of grounding of its fleet.