Based on the OI percentage, 64 stocks were on the short-covering list. These included Bharti Airtel, Axis Bank, Laurus Labs, Torrent Pharmaceuticals, and Jubilant Foodworks. A decrease in OI along with a price increase is an indication of short-covering.
Olectra Greentech: “RIL is setting up a green hydrogen dispensation infrastructure,” an industry official said on condition of anonymity. “The company is targeting production of green hydrogen by 2025 and when that happens, it needs a ready infrastructure for offtake of that green hydrogen. There will be more such measures from RIL going forward,".
Last month, the Centre reportedly had rejected BYD Motors' proposal to set up a $1 billion four-wheeler manufacturing facility in India in partnership with Hyderabad-based Megha Engineering and Infrastructures Ltd.
“RIL is setting up a green hydrogen dispensation infrastructure,” an industry official said on condition of anonymity. “The company is targeting production of green hydrogen by 2025 and when that happens, it needs a ready infrastructure for offtake of that green hydrogen. There will be more such measures from RIL going forward,".
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