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Informist, Wednesday, Oct. 29, 2025

 

By Anjana Therese Antony

 

MUMBAI – Traders added long bets to the options chain of Cipla ahead of its September quarter results due Thursday. Premiums on out-of-the-money call options expiring on Nov. 25 rose and those on put contracts fell, indicating the possibility of an upside in the stock. The company is expected to post high single-digit growth in its earnings on the back of better performance in India and other countries, even though it saw pricing pressure in the US and market share erosion, various broking firms said in their reports. 

 

On Wednesday, shares of the company snapped a four-day losing run and closed almost 1% higher at INR 1,581.10 on the National Stock Exchange. Support for the stock is seen at INR 1,550-INR 1,540 and resistance at INR 1,570-INR 1,600, a technical analyst at a domestic broking firm said. 

 

In the options chain of Cipla, the highest addition of open interest was at INR 1,700 call and INR 1,590 put contracts. The maximum concentration of open interest was at INR 1,600 call and INR 1,500 put strikes. Premiums on call options with INR 1,600-INR 1,700 strike rose 21-32% and those on puts with INR 1,500-INR 1,400 strikes fell 3-13%. 

 

The company's consolidated net profit is likely to rise 7% on year to INR 13.97 billion and revenue is expected to rise 6% to INR 74.62 billion, according to the average of estimates from eight broking firms. Sequentially, this would mean an 8% rise in the bottom line and 7% rise in the top line. 

 

The overall equity market continues to rise and closed higher Wednesday after US President Donald Trump said the US will do a great trade deal with India. The Nifty 50 closed 0.5% higher at 26053.90 points and the BSE Sensex ended 0.4% higher at 84997.13 points. The Nifty 50 ended over 26000 points for the first time since September 2024 and is just 1% away from its record high of 26277.35 points. 

 

--Nifty 50 November closed at 26261.30, up 171.20 points; 207.40-point premium to the spot index

--Nifty 50 December closed at 26430.00, up 164.80 points; 376.10-point premium to the spot index

--Nifty 50 January closed at 26595.00, up 260.70 points; 541.10-point premium to the spot index

 

Adani Green Energy, Varun Beverages, Steel Authority of India, Larsen & Toubro, Vedanta, Reliance Industries, Coal India, ICICI Bank, State Bank of India, HDFC Bank, Adani Enterprises, Tata Steel, REC, HDFC Asset Management Co., JSW Steel, and Indian Oil Corp. were the most actively traded underlying stocks Wednesday.  End

 

Edited by Tanima Banerjee

 

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