What’s Shin­ing on F&O Radar

The Economic Times - - Companies: Pursuit Of Profit -

Com­pany’s con­sol­i­dated net loss nar­rowed in the De­cem­ber quar­ter to 455 crore from 882 crore in the same pe­riod a year ago and it will also com­mis­sion its green­field An­gul plant next month. An­a­lysts said these fac­tors are driv­ing in­ter­est in the stock. Chan­dan Ta­paria, de­riv­a­tive an­a­lyst at Moti­lal Oswal, said the stock has po­ten­tial to rise 15-20% in the March de­riv­a­tives se­ries. CMP (`) YTD Change (%)

OI Change in Fe­bru­ary se­ries

Price Change in Fe­bru­ary se­ries The stock’s for­tunes have con­tin­ued to head south af­ter Voda­fone and Idea con­firmed merger talks. Cost ra­tio­nal­i­sa­tion by the merged en­tity is ex­pected to lead to loss of ten­an­cies for Bharti Air­tel. “The stock has seen ad­di­tion of short po­si­tions and can go down to 270,” said Chan­dan Ta­paria of Moti­lal Oswal. The tar­get of 270 im­plies a down­side of 6.7% from the cur­rent lev­els.

124.8 80.2 17% 6.7% 288.7

CMP (`)


YTD Change (%)

OI Change in Fe­bru­ary se­ries


Price Change in Fe­bru­ary se­ries


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