Shares of NBCC (India) Ltd rose by nearly 3% today following the National Stock Exchange of India Ltd (NSE)’s announcement to introduce futures and options (F&O) contracts for six additional securities, including NBCC, starting January 31, 2025.
This strategic decision is part of the stock selection guidelines laid out by the Securities and Exchange Board of India (SEBI) in its circular issued on August 30, 2024, and has received approval from the regulator.
Key Highlights:
- 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
- NBCC’s Market Reaction: The stock climbed to ₹91.23, reflecting a gain of 2.18% during early trading hours.
The addition of NBCC to the F&O segment is expected to enhance its market visibility and liquidity, further strengthening investor confidence in the stock.
TOPICS:
NBCC