Castrol India Ltd shares climbed by 1.67% to trade at ₹199.11, following the National Stock Exchange of India Ltd (NSE)’s decision to include the company in the futures and options (F&O) segment. This development aligns with NSE’s expansion plans and SEBI’s stock selection guidelines as per its circular dated August 30, 2024.
Key Highlights:
- Inclusion Announcement: Castrol India is among the six securities newly added for F&O trading, alongside companies like Gland Pharma and NBCC.
- Market Activity: The stock opened at ₹197.69 and reached a high of ₹204.50 during the day. The market cap stands at ₹197.20 billion.
- Trading Volumes: The average trading volume observed was 3.96 million shares, reflecting increased investor interest.
Market Impact:
The inclusion in F&O contracts is expected to boost liquidity, attract institutional investors, and enhance trading activity in Castrol India shares.
New Additions to F&O: The newly included securities for F&O trading are:
-
- Castrol India Ltd
- Gland Pharma Ltd
- NBCC (India) Ltd
- The Phoenix Mills Ltd
- Solar Industries India Ltd
- Torrent Power Ltd
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
