KS Oils, Renuka Sugars, Mercator Lines see long positions

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KS Oils, Renuka Sugars, Mercator Lines see long positions

Long positions were seen in KS Oils, Shree Renuka Sugars, Mercator Lines, Welspun Corp and CESC.

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By Sonia Shenoy, Research Analyst at CNBC-TV18

Long positions were seen in KS Oils . The stock rallied 16% after brokerages upgrade. Its July futures open interest was up by 35%.

Shree Renuka Sugars too were seeing long positions. The stock shot up nearly 8% and July futures open interest was up by 41%.

Mercator Lines gained 5% as it plans IPO of coal mining unit. Its July futures Open Interest was up by 68%. Long positions were seen in the counter.

Welspun Corp rose 3% on huge volumes after PE investor Apollo is going to invest upto USD 500 million in Welspun Group. Its July futures Open Interest was up by 6%. Long positions too were seen in the stock.

CESC jumped close to 6% and its July futures Open Interest was up by 94%.

However, short positions were seen in GTL . The stock fell over 4% and its July futures Open Interest was up by 30%.