Investors are increasingly seeking protection for their stock portfolios ahead of the Lok Sabha election result on 4 June, due to concerns about a potential market correction if the ruling coalition's victory margin is lower than expected. As of Monday, there were about 1.48 million outstanding put contracts (each contract comprises 25 shares), compared to 1.16 million call contracts.
Open FlipShares of CarTrade Tech jumped as much as 10.5 percent in intra-day trade on Tuesday to near their 52-week high of ₹896.50 apiece after the company reported its highest-ever revenue in the quarter ended March 2024 (Q4FY24).The stock had hit its 52-week high of ₹899 on November 12, 2023. It has now given multibagger returns, soaring almost 121 percent from its 52-week low of ₹406.
Open FlipShares of WD-40 Company (NASDAQ: WDFC) dropped 10.7% in April, according to data provided by S&P Global Market Intelligence. And I admit that the downward move is a head-scratcher. If someone would have asked me, I would have guessed the stock would have gone up during the month because it raised its financial guidance.
Open Flip