Branch² Intelligence
Dr. Reddy's Lab among 4 F&O stocks that saw a high increase in futures open interest
Key takeaway
Futures OI surged >11% in 9 NSE F&O stocks on July 9, led by Dr. Reddy's, Lodha, Mazagon Dock, HDFC Life.
- Step 1Futures OI surge >11% in 9 NSE F&O stocks signals fresh long build-up.
- Step 2Bullish positioning drives price momentum in Dr. Reddy's, Lodha, Mazagon Dock, HDFC Life.
- Step 3Increased equity valuations may improve these companies' access to capital and bargaining power with suppliers.
Source: IN:Economic Times
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