Standing Tall: Five stocks seeing long positions despite market weakness

Asia's Tech News Daily

stocks to buy, Bharti Airtel shares, Bharti Airtel, IRCTC, Zee Entertainment Enterprise shares, zee shares, airtel share price, airtel stock

MUMBAI: In the mini-correction that took place in the broader market over the past two sessions, analysts noted a marked deterioration in the risk appetite of investors, especially retail.

Many of the biggest gainers of the year such as

IRCTC

, Deepak Nitrite and others succumbed to exorbitant selling pressure as investors sought to realize some of their paper profits.

However, amidst the chaos few stocks stood tall and in fact, garnered bullish positioning from investors over the past three sessions. Of the 180 stocks in the futures and options segment, only five stocks saw addition of long positions between October 14 and October 20.

Did you Know?

Stock score of Bharti Airtel Ltd moved down by 1 in a week on a 10-point scale.

View Latest Stock Report »

Stock Analysis

Stock score of Bharti Airtel Ltd is 6 on a scale of 10. View Stock Analysis »

Most prominent among them is

Bharti Airtel

. The telecom company’s stock had stood firm in the face of market weakness given investor confidence on earnings potential and valuations. The Open Interest in the October contract of the stock rose 3.5 per cent since Thursday, which was complimented by a 3.2 per cent increase in the price of the scrip.

Zee Entertainment Enterprise is a surprise name in the list given the uncertainty around the boardroom tussle at the company. Open Interest in the October contract of the scrip rose nearly 6 per cent with the stock rising nearly 1 per cent. Perhaps, investors are looking past the near-term uncertainty of the board room battle and focusing on the positives from revival in advertisement sales and possible merger with Sony India.

Manappuram Finance saw addition of long positions over the past three sessions, aided by the optimism for gold financiers going ahead. Brokerage firm CLSA Global Markets, earlier this month, initiated coverage on the sector on the expectation that the company will benefit from the rapid formalization of gold lending business.

L&T Technology Services is the sole IT name on the list despite the strong earnings performance from the pack so far for the quarter ended September. Open Interest in the October contract of the stock rose 3 per cent since Thursday alongwith a more than 2 per cent rise in the scrip’s price. L&T Technology backed its strong earnings for the September quarter with firm commentary.

Page Industries saw addition of bullish positions in its October futures contract as investors bet on the company to benefit from the reopening of offices in the coming months. Page Industries, which runs Jockey’s franchise in India, may see a boost in sales as individuals replenish their outdoor clothing needs as offices come back online. Open Interest in the October contract rose 3.4 per cent since Thursday with the scrip’s price rising 0.1 per cent.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

John Lee: Sinn Fein can't take power alone and one major party will do business

© Provided by Extra.ie Boris Johnson caused uproar with a chaotic address to business leaders this week, incorporating a visit to Peppa Pig World, impressions of cars and losing his ... Read more »

Get more iPhone storage without paying for it: Just tweak a few settings

We store just about everything on our iPhones: family photos, movies, music libraries, you name it. That’s why it’s important to make sure you don’t run out of space. Apple ... Read more »

Wanita maut dalam perjalanan ziarah jenazah ibu

© Provided by Free Malaysia Today Mangsa maut selepas kereta Perodua Kancil dipandu suaminya hilang kawalan dan terbabas. (Gambar PDRM) PETALING JAYA: Hasrat seorang anak menziarah jenazah ibunya yang meninggal ... Read more »

Thalapathy Vijay completes 100 days of Beast shoot. Nelson Dilipkumar shares new pic

Thalapathy Vijay and Pooja Hegde’s first pic from Beast is out. Director Nelson Dilipkumar on Sunday (November 28) treated fans to a new picture featuring Thalapathy Vijay and Pooja Hegde ... Read more »

Controversial YouTube stunts: from being buried alive to emergency landings

© Provided by The National From left: YouTubers Logan Paul, Muhammed Bahcecik and James Potok have all come under fire for their controversial online stunts. Photo: Logan Paul / YouTube; ... Read more »

'Priceless Knock': Twitter Hails Wriddhiman Saha for Batting With Neck Strain & Scoring a Fighting Fifty

© Provided by News18 ‘Priceless Knock’: Twitter Hails Wriddhiman Saha for Batting With Neck Strain & Scoring a Fighting Fifty A strain in the neck kept Wriddhiman Saha away from ... Read more »

Omikron - Was hinter dem Namen steckt

© Keystone/SOPA Images via ZUMA Press Wire/Pavlo Gonchar Die neue Corona-Variante Omikron bereitet nicht nur wegen ihrer Ausbreitung, sondern auch wegen des Namens Kopfzerbrechen. Am Wochenende erklärte die Weltgesundheitsorganisation (WHO) ... Read more »

Days Before Dying, Stephen Sondheim Reflects: 'I've Been Lucky'

Stephen Sondheim, at home in Roxbury, Conn., Nov. 21, 2021. (Daniel Dorsa/The New York Times) ROXBURY, Conn. — Stephen Sondheim stood by the gleaming piano in his study, surrounded by ... Read more »

Hardik Pandya Asks Indian Selectors To NOT Consider Him For Selection For Some Time

© Vishal Pushkar | India.com Sports Desk Hardik Pandya @ Twitter New Delhi: Much was expected of the flamboyant all-rounder Hardik Pandya during the 2021 T20 World Cup but the ... Read more »

Wahab Riaz: 'I am playing all around the world, but my country comes first'

Like so many of his compatriots, Wahab Riaz was left in tears when Australia beat Pakistan in the T20 World Cup semi-final. As Matthew Wade ripped the heart and soul ... Read more »

India vs New Zealand, 1st Test: Rahul Sir told me to bat as many balls as possible - Shreyas Iyer on record 50

Debutant Shreyas Iyer on Sunday opened up on his record performance with the bat in Kanpur after hitting his maiden fifty to follow up on his first innings 105 in ... Read more »

Tim Cahill backs South Korean star Son Heung Min to shine at 2022 World Cup in Qatar

© Provided by GOAL Tottenham Hotspur forward Son Heung Min has been a torch bearer for Asian football for quite some time now. The South Korean star is the top ... Read more »

Dakar reveals details of 2022 Saudi Arabia route

© TOYOTA GAZOO Racing #301 Toyota Gazoo Racing: Nasser Al-Attiyah, Matthieu Baumel Just like the previous two editions of the event in the Middle East, the 2022 Dakar will feature ... Read more »

Kailan ikan masin RM18, pelanggan diminta buat aduan rasmi

© Provided by Free Malaysia Today Resit menunjukkan hidangan kailan ikan masin yang berharga RM18. PETALING JAYA: Kementerian Perdagangan Dalam Negeri dan Hal Ehwal Pengguna (KPDNHEP) Pulau Pinang meminta pelanggan ... Read more »

Omicron: what are the new travel rules for Gulf countries?

© Ariel Schalit Travelers wearing protective face masks arrive at the Ben Gurion Airport near Tel Aviv, Israel, Sunday, Nov. 28, 2021. Israel on Sunday approved barring entry to foreign ... Read more »

Watch: Priyanka Chopra's Appearance in The Matrix 4 New Trailer Stokes Fan Frenzy

© Provided by News18 Priyanka Chopra’s highly anticipated role is in the upcoming The Matrix Resurrections, which is the fourth instalment in the hugely successful and cult sci-fi action franchise ... Read more »

Birthday girl Esha Gupta's Instagram posts are boldness personified

© Provided by Mid-Day Esha Gupta turns 36 today. For all those who follow her on Instagram, they might be aware that she’s known to amp up the temperatures when ... Read more »

'Bahu mereko baithne nahi deti': Says Kapil Sharma's mother, sends audience into frenzy

© Provided by DNA On Saturday, Kapil Sharma welcomed ‘Bob Biswas’, Abhishek Bachchan, and Chitrangada Singh to his comedy show, ‘The Kapil Sharma Show’. Kapil also talked with his mother, ... Read more »

India vs New Zealand 2021: Wriddhiman Saha, Shreyas Iyer Fifties Rescue India in Kanpur

© Provided by News18 India vs New Zealand 2021: Wriddhiman Saha, Shreyas Iyer Fifties Rescue India in Kanpur Wriddhiman Saha led India’s lower-order resistance as the hosts managed to reduce ... Read more »

Antim box office collection day 2: Aayush Sharma-Salman Khan starrer witnesses decent growth on Saturday, big jump expected on Sunday

© Provided by BollywoodLife.com Antim: The Final Truth registered the much-needed boost on day two, setting it well on course for a very healthy weekend. Beating all expectations and the ... Read more »

Amid Karishma Tanna-Varun Bangera's wedding rumours, Ekta Kapoor sends ‘best wishes for an awesome future together'

© Provided by Hindustan Times Karishma Tanna, Varun Banera with Ekta Kapoor. Amid rumours of Karishma Tanna and businessman Varun Bangera’s wedding, Ekta Kapoor hinted in an Instagram post that ... Read more »

List of teenage homicide victims in London in 2021

© PA Wire Police stock A total of 28 teenage homicides have taken place in London so far in 2021. This surpasses the 27 killings seen in 2017, which had ... Read more »

Body found in southwest Charlotte home when CMPD responds to ‘domestic violence call'

A body was found in a southwest Charlotte home and detectives are calling it a homicide, Charlotte-Mecklenburg Police said in a news release. Investigators have not released the identity of ... Read more »

Moscow says 27 Russian more diplomats due to leave U.S. in January

U.S. introduced a 3-year restriction on the stay of Russian Diplomats and gave a list of 24 employees of the diplomatic mission who will need to leave the country by ... Read more »

Roku Streaming Stick Plus in PHENOMENAL Black Friday deal

© Expert Reviews Roku Streaming Stick Plus in PHENOMENAL Black Friday deal Media streamers When it comes to 4K media streamers, the Roku Streaming Stick Plus remains one of our ... Read more »

Meet a single mom who transformed her life through a guaranteed income program that gives her $1,800 every 3 months. It helped her get a car, a new job, and move into a better neighborhood for her daughter.

© jjwithers/Getty Images The Compton Pledge is the largest city-based guaranteed income program in the United States. jjwithers/Getty Images Christine, a woman from Compton, California, gets $1,800 every three months ... Read more »

Swiss voters look set to back COVID-19 response plan

© Reuters/ARND WIEGMANN Fence is seen in front of Swiss Federal Palace in Bern By Brenna Hughes Neghaiwi ZURICH (Reuters) -Swiss voters looked likely to back the government’s pandemic response ... Read more »

Special forces to infiltrate Calais migrant traffickers using disguises

The UK is set to offer a team of 30 troops from the Special Reconnaissance Regiment (SRR) to help French police. The elite soldiers may even use disguises to penetrate ... Read more »

German retail suffers at start of crucial Christmas season

BERLIN (Reuters) – A surge in coronavirus cases in Germany has led to a disappointing start to the Christmas season for retailers in Europe’s biggest economy, the sector body said ... Read more »

Amazon picks Abu Dhabi for most cutting-edge fulfilment centre in the Middle East

© Provided by The National Mohammed Al Shorafa, chairman of the Abu Dhabi Department of Economic Development and head of Adio, left, and Russell Grandinetti of Amazon. Victor Besa / ... Read more »

India, Sri Lanka, Maldives navies participate in maritime operations in Indian Ocean Region

India, Sri Lanka, Maldives navies participate in maritime operations in Indian Ocean Region The navies of India, Sri Lanka and the Maldives are part of a focused operation which aims ... Read more »

Thalassemia activist from West Bengal cycles to Patna with a message

© Provided by Hindustan Times Roy says he wants to tell parents of potential brides and grooms that they must understand the importance of conducting tests to ensure would be ... Read more »

So feiert Beatrice Egli mit ihrer Familie Weihnachten

© imago images/HOFER Beatrice Egli liebt es, mit der ganzen Familie Weihnachten zu feiern. Mit dem heutigen 1. Advent hat der Countdown für Weihnachten definitiv begonnen. Eine, die sich bereits ... Read more »

Popular YouTuber Dhruv Rathee marries girlfriend Juli, pics go viral

© Provided by DNA Famous Indian YouTuber Dhruv Rathee has tied the knot with his long-time partner Juli Ibr in a ceremony in the Vienna, the capital of Austria. Rathee ... Read more »

‘Why no arrests like Aryan Khan drug case': Traders want MP cops to act against Amazon officials

© Provided by The Print New Delhi: The Confederation of All India Traders (CAIT) has demanded the arrest of Amazon officials in connection with the seizure of 720 kg of ... Read more »

Greece extends travel restrictions as Omicron variant strikes fear across Europe

Greece will ban many people from non-EU countries from entering the country until December 3. British tourists are still allowed to enter Greece despite not being in the EU. Britons ... Read more »

Republicans are quietly rigging election maps to ensure permanent rule

The long-term health of American democracy is in peril, to a degree far worse than people imagine. But not where most people are looking. Related: This is what gerrymandering looks ... Read more »

Govt to review decision on restarting international flights and SOP on testing of incoming passengers

The government on Sunday decided to review the decision on resuming scheduled commercial international passenger services as well SOP on testing and surveillance of incoming passengers, especially from countries identified ... Read more »

Opinion: Time for mandatory vaccinations

© Provided by dw.com Surveys show a majority of people in Germany now support mandatory vaccinations against COVID-19 German Health Minister Jens Spahn has said he fears a general vaccine ... Read more »

Opinion: Mandatory vaccinations won't help now

© Provided by dw.com It’s going to take a lockdown, not mandatory vaccination, to get COVID under control, says Joscha Weber When it comes to organizing their society, Germans generally ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic