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Five NSE F&O stocks witnessed a sharp rise in futures open interest as of July 21, indicating heightened derivatives activity. The surge suggests traders are building fresh positions or adding to existing ones, reflecting stronger conviction and a directional bias in the near-term price movement of these counters.
Bajaj Auto shares rose 2.5% after the company reported a 46% year-on-year jump in Q1FY27 net profit to Rs 3,226 crore, while revenue surged 65% to Rs 21,689 crore. Following the strong performance, Motilal Oswal upgraded the stock to ‘Buy’ from ‘Neutral’, raising its target price to Rs 12,096, implying a potential 16% upside.
Vedanta shares have fallen over twenty-six percent in two months. This decline erased all gains made after the recent corporate demerger. Analysts are still advising caution for potential investors in Vedanta. The company’s financial risk profile has improved due to strong performance. Investors await Hindustan Zinc’s earnings for further market direction.
Bandhan Bank shares dropped 10% after the lender released its Q1 earnings. The bank reduced its return on assets guidance due to global economic uncertainties. Higher staff and technology expenses also contributed to increased operational costs. Despite a profit rise, net interest income saw a modest increase. Asset quality improved, with non-performing assets showing a…
Cube Highways Trust InvIT opens its Rs 5,000-crore public issue today at a price band of Rs 151–152 per unit. The infrastructure trust offers investors exposure to a diversified portfolio of operational highway assets.
Sterlite Technologies shares have seen a notable correction after a substantial rally. Analysts suggest this pause is normal within a broader bullish trend. A recent large order from a US hyperscaler bolsters fundamental outlook. India’s data center industry expansion fuels demand for optical fiber infrastructure. Investors are weighing profit booking against potential future gains.
Sebi has directed depositories to freeze promoter holdings during company buyback periods. This restriction will be in effect from board approval until the offer closes. Promoters can still participate in buybacks through the tender offer route. Existing pledges created before the buyback period can also be invoked. Depositories must implement these operational systems by August…
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Four stocks in the Nifty500 pack that gained over 3% featured in the RSI Trending Up scan on July 21 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…