Metal, PSU stocks lead market gains - Bilkul Online bilkulonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bilkulonline.com Daily Mail and Mail on Sunday newspapers.
Based on the OI percentage, a total of 66 stocks were on the short-covering list which included Voltas, L&T Technology Services, Dr Lal PathLabs, Bata India, and Hindustan Copper.
The fertiliser stock hit a fresh 52-week high of Rs 402 on January 4, but failed to hold on to the momentum. It found support above the 20-WEMA once in March and then again in April. On the daily chart, it bounced back after retesting the 50-DMA earlier this week, which suggests that bulls are here to stay.
Promoters of over 200 companies increased their shareholdings in the quarter ended March 2024, as optimism around long-term business prospects dominated near-term concerns over elevated valuations. The recent share purchases by promoters indicate that they are confident of the company s outlook and business performance going ahead.