Derivatives Strategy - Covered Call - Chola Finance - ICICI Direct

Recommendation

Chola Finance

Rationale

Cholamandalam Finance largely remained resilient despite profit booking seen in most of the banking and financials space. With the recent move we expect it to participate and retest recent highs.

The stock has been included in MSCI index. Gradual flows in the stock should help it to recover from here onwards.

For details, click on the link below: Link to the report

Shares of Cholamandalam Investment and Finance Company Ltd was last trading in BSE at Rs.546.4 as compared to the previous close of Rs. 543. The total number of shares traded during the day was 202576 in over 4872 trades.

The stock hit an intraday high of Rs. 561.05 and intraday low of 540.9. The net turnover during the day was Rs. 111895583.

Source : Equity Bulls

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