At the beginning of the July expiry, maximum open interest for call was at 11,000.
Ambuja posted a net profit of Rs 499 crore against Bloomberg’s estimate of Rs 333 crore.
Net profit stood at Rs 571 crore, up 30 per cent year on year, much ahead of expectations.
Net sales for the quarter jumped 13%, albeit on a lower base.
China is the biggest producer of metals and its currency movements can impact global commodity prices.
The company has shared the financials only for the last three fiscals.
Several of the under-performing companies include the public sector banks.
Realisation for exporters will be higher due to the depreciation of the rupee.
Stocks of these companies are trading at multiyear low valuations – price-to-book multiples – and can see a re-rating if the positive trend continues for the next few quarters.
TCS stock rides on improved operating profitability, higher traction in digital solutions.
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