As of December 29, there was a notable surge in futures open interest for four stocks in the NSE F&O pack index, contributing to a total increase in open interest of over 20% as compared to the previous trade.
Balrampur Chini Mills shares: Elara Securities said the notification was a one-off event and is valid between November 2023 and October 2024; hence, it says there will be impact only on H2FY24-H1FY25 financials.
Sharekhan maintained its ‘Buy’ ratings on Balrampur Chini Mills Ltd, Dhampur Sugar Mills Ltd, Triveni Engineering Industries Ltd and Dhampur Bio Organics Ltd for now.
Shares of Balrampur Chini Mills rallied 8 per cent to Rs 325.85, whereas Rana Sugars showed similar gains to trade at Rs 15.92. Shree Renuka Sugars and Bajaj Hindustan hit upper circuit limits of 5 per cent to Rs 15.65 and Rs 11.70, respectively.