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.
June 29, 2011 / 15:16 IST
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%. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
