Stocks of IREDA, Tata Tech, 4 other F&O entrants extend losses for 2nd day, fall up to 7%

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.