Tips Industries surges to 52-week high after Rs 248-crore worth of shares change hands
Around 5.1 percent equity changed hands. Moneycontrol could not immediately identify the buyers and sellers involved in the transaction
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Around 5.1 percent equity changed hands. Moneycontrol could not immediately identify the buyers and sellers involved in the transaction
Market experts suggested investors to monitor Nifty around the psychological mark of 21,000
Significant short covering is observed in Dr Reddy's scrip, with a 4.28 percent surge in the January series future. There is also a notable 3.33 percent decline in cumulative Open Interest (OI) across the current, next, and far series. Call open interest is concentrated at the 6000 and 6100 strikes, while put open interest is prominent at the 5800 strike.
Projections include a QoQ net profit of Rs 3556 crore, an 18% decline in net sales, and an expected 13% YoY decrease. Analysts foresee a 6% dip in standalone volumes due to a seasonally weak quarter, coupled with a 1% sequential rise in blended realizations amid higher domestic steel prices.
As of the December 2023 quarter, Mutual Funds held a 32.49% stake with 312.07 million shares, while insurance companies had a 10.66% stake with 102.41 million shares in Zee.