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Shriram Finance: Negotiations are ongoing with both seeking to maximise value, “but for the moment, Warburg seems a more aggressive suitor or bidder for the company,” said a person close to the company on condition of anonymity.
On the options front, the maximum Call OI is placed at 22,500 and then towards 22,300 strikes while the maximum Put OI is placed at 22,000 and then towards 21,900 strikes.
The Nifty future closed negative with losses of 0.50% at 22023 levels on Tuesday. India VIX was up by 1.52% from 13.79 to 13.57 levels. Volatility was slightly down and holding overall bullish market bias.
UBS initiated coverage on Paytm with a target price of Rs 900. Continued monetisation and EBITDA break-even are likely to drive re-rating, said UBS.
LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 28999.32 Crore) operating in NBFC sector.