HAL, PNB among 5 stocks with short covering
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 Tuesday's trading session, five stocks saw short covering. Here's the list:
2/6
IDFC First Bank
OI change on October 8: -27.03%
Change in stock price: 0.18%
Change in stock price: 0.18%
3/6
HAL
OI change on October 8: -2.84%
Change in stock price: 5.01%
Change in stock price: 5.01%
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4/6
PNB
OI change on October 8: -1.23%
Change in stock price: 0.82%
Change in stock price: 0.82%
5/6
Manappuram Finance
OI change on October 8: -1.1%
Change in stock price: 0.99%
Change in stock price: 0.99%
