Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:
ETMarkets.com
2/6
Dixon Technologies
OI change on December 4: -4.64% Change in stock price: 0.53%
ETMarkets.com
3/6
MRF
OI change on December 4: -3.09%Change in stock price: 0.02%
4/6
Cipla
OI change on December 4: -1.34% Change in stock price: 0.97%
Agencies
5/6
Balkrishna Industries
OI change on December 4: -1.09% Change in stock price: 0.05%
ETMarkets.com
6/6
Aditya Birla Fashion and Retail
OI change on December 4: -1.04%Change in stock price: 0.62%