When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
Container Corporation Of India Profit: Revenue from operations rose more than 10% to 22.11 billion rupees, signalling higher demand for cargo transporters during a period that coincided with festivities and related purchasing in the country.
Nifty futures on the NSE International Exchange traded 20.50 points, or 0.10 per cent, higher at 21,283.50, hinting at a positive start for the domestic market on Wednesday.
Apart from releasing the quarterly results, CONCOR informed the stock exchanges that its board has given the nod for an interim dividend of Rs 4 per share amounting to Rs 243.72 crore