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Informist, Tuesday, Apr. 22, 2025

By Anjana Therese Antony

MUMBAI – The options chain of Tata Consumer Products hints at a likely upside for the stock as traders placed bullish bets ahead of likely strong results for the March quarter, due Wednesday. Premiums on out-of-the-money call options of the fast-moving consumer goods company expiring Thursday, as well as on May 29, rose, while those on put contracts almost declined. 

The stock closed 1.4% higher at INR 1,136.70 Tuesday on the National Stock Exchange, closing in the green for the eighth session in a row. It has risen over 18% in the last 30 days and 24% so far in 2025. The stock is in a bullish trend, Emkay Global Financial Services said in a note Tuesday. Above INR 1,140, it can rise to INR 1,170 and will maintain positivity above INR 1,080, it said.

In the options chain of Tata Consumer expiring Thursday, premiums on INR 1,150-INR 1,220 call options rose more than 23-32%, while those on INR 1,130-INR 1,190 put options fell 20-30%. The maximum addition of open interest was at INR 1,200 call as well as put options, indicating that this will act as a strong support for the stock in the near term. Similar was the trend in options contracts expiring in May, with the highest open interest addition at INR 1,200 call and INR 1,100 put contracts. 

The open interest in the April futures contract of Tata Consumer rose 0.3% to 13.89 million, and that in the May series increased a whopping 99% to 6.68 million. "Long build-up has been seen since the beginning of the expiry," Emkay Global said.

The Tata group company is likely to post a 44% on-year growth in its consolidated net profit to INR 3.1 billion and a 16% on-year rise in revenue to INR 45.5 billion, according to the average of estimates from 12 brokerages. The strong growth is expected on the back of price hikes, while the quarter is expected to show subdued demand in the consumer goods industry, broking firms said in their earnings preview reports. 

--Nifty 50 Apr closed at 24164.10, up 28.60 points; 3.15-point discount to the spot index

--Nifty 50 May closed at 24291.00, up 22.70 points; 123.75-point premium to the spot index

--Nifty 50 Jun closed at 24400.00, up 30.60 points; 232.75-point premium to the spot index

HDFC Bank, Reliance Industries, ICICI Bank, Bajaj Finance, State Bank of India, Infosys, Bharti Airtel, Kotak Mahindra Bank, Tata Consultancy Services, Axis Bank, Mahindra & Mahindra, IndusInd Bank, Dixon Technologies (India), Eternal, and InterGlobe Aviation were the most active underlying stocks Tuesday.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Saji George Titus

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