The shares of all six companies, which got introduced to the NSE futures and options (F&O) segment from March series, extended losses for the second consecutive session to trade in the red on March 3.
The shares of Indian Renewable Energy Development Agency (IREDA) were the top loser among the pack of six. The renewable energy stock fell over 7 percent to trade at Rs 144.50, as seen at 11.40 am. IREDA stock is currently trading near its 52-week low of Rs 121 apiece, which it had hit on March 14, 2024. It is nearly over 53 percent lower than its 52-week high of Rs 310 per share.
IIFL Finance shares fell nearly 6 percent to hit a fresh 52-week low of Rs 283 apiece. The stock is significantly lower than its 52-week high of Rs 608 which it had traded at on March 2, 2024. IIFL Finance shares have so far fallen nearly 11 percent since the stock's inclusion into the NSE futures and options segment.
Amara Raja Energy & Mobility and Tata Technologies shares meanwhile fell nearly 5 percent. Tata Technologies has now seen a fall of nearly 11 percent in its share price after its F&O contracts were added to the NSE platform.
Titagarh Rail Systems shares dropped 4 percent, while Patanjali Foods stock fell over 2 percent.
F&O trading allows investors to speculate the prices of the assets without actually owning the shares of the companies.
Apart from the 6 additions, 16 stocks were excluded from the NSE F&O series from February 28 onwards. These are Abbott, Atul Limited, Bata India, Canfin Home, Coromandel, City Union Bank, GNFC, Gujarat Gas, Indiamart, IPCA Labs, Lal Pathlabs, Metropolis Healthcare, Navin Fluorine, PVR Inox, Sun TV and United Breweries.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.