F&O inclusion represents a significant milestone for these stocks, marking their entry into a more sophisticated trading ecosystem. This development typically leads to enhanced market visibility, institutional participation, and trading volumes.
For investors, it opens up new possibilities, including hedging strategies, leveraged trading through futures, and various option-based approaches to risk management, all while requiring lower capital through margin trading.
What does it mean for price discovery?
The broader market impact extends beyond just trading flexibility. These stocks often experience improved price discovery mechanisms, tighter bid-ask spreads, and reduced impact costs for large trades. This evolution typically attracts more foreign and domestic institutional investors, potentially leading to better research coverage and valuation metrics.
However, investors should note that F&O inclusion can also bring increased price volatility initially as traders adjust their positions and develop new trading strategies.
The National Stock Exchange announced that futures and options contracts for six securities, including NBCC (India) Ltd., Torrent Power Ltd., and Gland Pharma Ltd., will begin trading on January 31. Details on market lot and strike schemes will be shared with members on January 30. Castrol India Ltd., Phoenix Mills Ltd., and Solar Industries India Ltd. will also be part of the derivative segment.
1. NBCC (India) Ltd.
Founded in 1960, NBCC (India) Ltd. is a Government of India enterprise headquartered in New Delhi. A Navratna Public Sector Enterprise, it excels in construction services, offering project management consultancy, engineering procurement, and real estate development. It operates both domestically and internationally, with a significant market presence.
The stock’s current market price (CMP) is 90.20, with an intraday high of 92.37, reflecting a 3.46% increase today. Over the past year, the stock has delivered a return of 59.08% and a remarkable 269% return over the past five years.
2. Torrent Power Ltd.
Torrent Power Ltd. is a key player in India’s energy sector, focused on power generation, transmission, and distribution. It operates conventional power plants and has expanded into renewable energy, including wind and solar. The company’s subsidiaries further enhance its capacity to meet growing energy demands sustainably.
The stock’s current market price (CMP) is 1,459.30, with an intraday high of 1,474.10, showing a 1.41% increase today. Over the past year, the stock has gained 43.81%, and an impressive 389% over the last five years.
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3. Gland Pharma Ltd.
Gland Pharma Ltd. is a leading Indian pharmaceutical company specialising in complex injectables. Known for its high-quality products, the company exports to over 60 countries, including the U.S., Europe, and Australia. Gland Pharma operates state-of-the-art facilities and maintains a strong international market presence.
The stock’s current market price (CMP) is 1,851.75, with an intraday high of 1,912.90, reflecting a 3.39% increase today. Over the past year, the stock has declined by 4.17%, and has gained 1.67% over the past five years.
4. Castrol India Ltd.
A subsidiary of BP plc, Castrol India Ltd. is a leading producer of automotive and industrial lubricants. It offers a diverse range of products for cars, motorcycles, commercial vehicles, and industries such as manufacturing and marine. Castrol is renowned for its strong brand presence in India’s lubricant market.
The stock’s current market price (CMP) is 198.75, with an intraday high of 204.50, showing a 4.42% increase today. Over the past year, the stock has gained 9.68%, and has risen 56.31% over the past five years.
5. Phoenix Mills Ltd.
Phoenix Mills Ltd. is a prominent real estate developer, specialising in retail-led mixed-use properties. Known for its large shopping malls and commercial complexes in major cities, it also develops residential spaces. Phoenix Mills creates lifestyle-focused spaces, blending shopping, entertainment, and leisure seamlessly.
The stock’s current market price (CMP) is 1,573.80, with an intraday high of 1,622, reflecting a 3.10% increase today. Over the past year, the stock has gained 23.93%, and has surged 255.82% over the past five years.
6. Solar Industries India Ltd.
Solar Industries India Ltd. is a leading manufacturer of industrial explosives, detonators, and accessories used in mining and construction. The company serves both domestic and global markets, exporting to several countries. Its products are integral to various industrial applications, supporting mining and infrastructure development.
The stock’s current market price (CMP) is 9,631.05, with an intraday high of 9,833, reflecting a 1.47% increase today. Over the past year, the stock has gained 45.56%, and an impressive 774.15% over the past five years.
Written By- Fazal
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