Federal Bank, HDFC Life among 5 stocks with short covering

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Nov 08, 2024, 03:47:37 PM IST

1/6

Shift in Sentiment

Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Friday’s trading session, five stocks saw short covering. Here’s the list:

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2/6

Buy Federal Bank above Rs 203.24

OI change on November 8: -1.73%Change in stock price: 0.13%

Reuters

3/6

JK Cement

OI change on November 8: -1.14%Change in stock price: 0.12%

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4/6

HDFC Life

OI change on November 8: -0.24%Change in stock price: 0.11%

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5/6

Birlasoft

OI change on November 8: -0.14%Change in stock price: 0.1%

ANI

6/6

Dixon Technologies shares in focus after Q2 profit skyrockets 265% YoY to Rs 412 crore

OI change on November 8: -0.06%Change in stock price: 0.31%

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This article was originally published by Indiatimes.com. Read the original article here.

Name	Last Price	Change	% Change

Shift in Sentiment

Buy Federal Bank above Rs 203.24

JK Cement

HDFC Life

Birlasoft

Dixon Technologies shares in focus after Q2 profit skyrockets 265% YoY to Rs 412 crore

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