Stocks Under Pressure: 4 Companies Witness Long Unwinding, Including LIC Housing Finance and Biocon
Know the stocks that saw a significant decline in open interest and stock price, indicating a long unwinding. LIC Housing Finance and Biocon are among the top stocks that witnessed a sell-off.
Stock MarketLong UnwindingLic Housing FinanceBioconInvestmentReal Estate NewsAug 10, 2024
LIC Housing Finance was one of the stocks that saw a significant decline in open interest (OI) and stock price. The OI change on August 9 was -2.21%, while the change in stock price was -0.57%. This indicates that investors are losing confidence in the stock and are selling their positions.
Another stock that witnessed a long unwinding was Biocon. The OI change on August 9 was -1.36%, while the change in stock price was -3.03%. This is a significant decline, indicating that investors are bearish on the stock.
The other two stocks that saw a long unwinding were [Company 3] and [Company 4]. The OI change on August 9 was -0.76% and -0.54%, respectively, while the change in stock price was -0.39% and -0.04%, respectively.
Long unwinding can be a sign of a bearish trend in the market. Investors should exercise caution and do their own research before making any investment decisions.
About LIC Housing Finance
LIC Housing Finance is a leading housing finance company in India. The company provides housing loans to individuals and corporate entities.
About Biocon
Biocon is a biopharmaceutical company that develops and manufactures innovative biologics and biosimilars.
ETMarkets.com is a leading financial news website that provides real-time news and analysis on the stock market.
Information
Long unwinding is a common phenomenon in the stock market, where investors sell their positions or stocks that they have held for a longer period. This can be done to book profits or to exit a stock in anticipation of a bearish trend.
Frequently Asked Questions
What is long unwinding?
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.
Why do investors engage in long unwinding?
Investors engage in long unwinding to book profits or to exit a stock in anticipation of a bearish trend.
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