Nerves of steelConcentrated positions in SAIL futures are on the rise as a section of high-networth individuals are sticking to their bullish view of the stock. Ten entities now account for roughly 40 percent of outstanding positions in futures. And they are getting good support from arbitrage schemes of mutual funds looking for risk-free profits.To make the most profit by deploying the least capi...

Shares of Manappuram Finance and Muthoot Finance plummeted up to 8 percent on May 9, a day after the Reserve Bank of India reportedly sent them an advisory letter limiting cash disbursal of loans.The central bank has reportedly asked both NBFCs to strictly adhere to the Income Tax Act (IT) provision on cash disbursement and said that no NBFC should disburse loan amounts over Rs 20,000 in cash.The ...

Tata Consumer Products: The FMCG company recorded a consolidated net profit of Rs 268 crore for the quarter ended March FY24, declining sharply by 23 percent compared to the same period last fiscal despite healthy operating numbers, and topline, impacted by an exceptional loss of Rs 216 crore. Revenue from operations grew by 9 percent year over year to Rs 3,927 crore for the quarter. EBITDA increa...

Manappuram Finance shares derivative data suggesting a build-up of a long position in Manappuram Finance, with the May series gaining a premium of half a percent.To capture this bullish set Avdhut Bagkar, Derivatives & Technical Analyst at StoxBox recommends taking a Long position by buying a call option.Position: Buy Manappuram Finance May 30 190 CEEntry Range: Rs 9 – 11,Stop loss: Rs 2 as a st...

Well-oiled storyCastrol shares have caught the attention of some PMS fund managers and high-networth individuals of late. The narrative around the stock has changed over the last three months ever since global news flow on electric vehicles has turned negative. For a company that primarily caters to the internal combustion engine (ICE) segment, a slower adoption of EVs is good news. Bulls are push...