In Wednesday s trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means.
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.
M&M Financial Services FY24 credit cost guidance of 1.5-1.7 percent looks difficult to achieve until high provisions get reversed, Nomura analysts have said
Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up.
Why did the company zero in on RBL Bank to understand the business of banking?
While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.