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Informist, Monday, Nov. 3, 2025

 

By Anjana Therese Antony

 

MUMBAI – Long bets were added to the options chain of Mahindra & Mahindra ahead of its September quarter earnings due Tuesday. Shares of the company snapped a five-day losing streak and closed higher after the automaker said its domestic vehicle dispatches hit a record high in October, rising 31% on year. Premiums on out-of-the-money call options of M&M rose and those on puts declined, indicating the near-term optimism towards the stock. 

 

There is a bullish trend and a long build-up has been seen since the previous expiry of M&M's monthly contract, Emkay Global Financial Services said in a note. The resistance for the stock is seen at INR 3,670 and the support at INR 3,490, the broking firm said. The stock closed almost 2% higher at INR 3,548.90 on the National Stock Exchange after falling almost 4% in the previous five trading sessions. 

 

The highest open interest addition of 93,000 was at INR 3,800 call and 38,200 at INR 3,100 put strike. Premiums on INR 3,600-INR 4,200 call contracts rose 3-26% and those on INR 3,500-INR 2,800 put contracts fell 34-38%. Traders also added bullish positions to the futures series of M&M. The November contract closed almost 2% higher at INR 3,571.90 and open interest rose almost 4% to 20.05 million. 

 

For the September quarter, the Thar-maker is expected to post 5% on-year growth in net profit to INR 40.20 billion and an over 17% rise in revenue to INR 339.69 billion, according to the average of estimates from 12 broking firms. This will be the slowest bottom-line growth the company has posted in five quarters, while it will continue to post double-digit revenue growth for the 15th quarter in a row. The company's margin likely came under pressure due to a higher mix of electric vehicle sales, despite recording a sizeable growth in its automotive and farm equipment dispatches, broking firms said. The company Saturday reported that its domestic sport utility vehicle sales in October rose to a record high of 71,624 units. 

 

--Nifty 50 November closed at 25904.40, down 1.10 points; 141.05-point premium to the spot index

--Nifty 50 December closed at 26087.70, down 0.80 points; 324.35-point premium to the spot index

--Nifty 50 January closed at 26255.00, down 4.80 points; 491.65-point premium to the spot index

 

Vodafone Idea, Shriram Finance, Maruti Suzuki India, State Bank of India, Bank of Baroda, BSE, Bharat Electronics, Indus Towers, Canara Bank, ICICI Bank, Multi Commodity Exchange of India, Titan Co., Vedanta, Ambuja Cements, Mahindra & Mahindra, Adani Green Energy, and Tata Consumer Products were the most actively traded underlying stocks Monday.  End

 

Edited by Saji George Titus

 

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