Trade setup for Friday: 15 things to know before opening bell
A short build-up was seen in 50 stocks, including Delta Corp, TCS, Infosys, Zydus Lifesciences, and BHEL
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A short build-up was seen in 50 stocks, including Delta Corp, TCS, Infosys, Zydus Lifesciences, and BHEL
Shares of Kolkata-based smallcap Jai Balaji Industries, which manufactures iron and steel products like TMT bars, are up 475% to top the multibagger list. Similarly, shares of another smallcap GVK Power & Infrastructure are up 300% so far in Q2 following a 50% rally in just two weeks.
Even though earnings saw a recovery in the last quarter, some analysts believe the overall growth will be a bit uneven, given that several pockets are yet to see a visible recovery.
Nifty futures on the Nifty International Exchange traded 6 points, or 0.03 per cent, lower at 19,531, hinting at a flattish start for the domestic market on Wednesday.
Based on the OI percentage, 70 stocks were on the short-covering list. These included Reliance Industries, Can Fin Homes, Eicher Motors, Infosys, and Godrej Properties. A decrease in OI along with a price increase is an indication of short-covering.