SUMMARY
Five stocks, IREDA Ltd. Tata Technologies Ltd., IIFL Finance Ltd., Patanjali Foods Ltd. and Titagarh Rail Ltd. began trading with Futures & Options (F&O) contracts at the start of the March series.
1 / 7Five stocks, IREDA Ltd. Tata Technologies Ltd., IIFL Finance Ltd., Patanjali Foods Ltd. and Titagarh Rail Ltd. began trading with Futures & Options (F&O) contracts at the start of the March series.
2 / 7These stocks were new entrants into the F&O space from the start of the March series after 16 stocks were excluded from the F&O space on Thursday, at the end of the February series. Here is a look at how the new entrants are faring individually:
3 / 7IREDA | Shares of the state-run renewable energy financier are down 6% on its first day as an F&O stock. With this fall on Friday, the stock has also declined 50% from its post-listing high of ₹310, which it had surged to in July 2024. IREDA’s shares have delivered negative returns in six out of the last seven months.
4 / 7Patanjali Foods | Among the worst performers within the new F&O entrants, Patanjali Foods shares are down over 8.5%, whereas at one point, they were even down 10%. While most of the entrants had corrected between 40% to 60% from their peak, Titagarh shares were down only 9% before Friday’s fall.
5 / 7Tata Technologies | The first Tata Group IPO in two decades also continues to correct from its post-listing high. The stock is down over 4% on Friday, extending their fall from the post-listing high to 41%. The stock had made a post-listing high of ₹1,147.
6 / 7Titagarh Rail | The worst performing stock among the new F&O entrants in terms of falling from the highs, Titagarh shares were down over 60% from their peak before the start of Friday’s trading session. The 3% drop on Friday has extended Titagarh’s gap from its record high to nearly 63%.
7 / 7IIFL Finance | Shares of IIFL Finance have not seen a significant reaction on their F&O entry, currently trading 1.5% lower but the stock has corrected steeply from its peak. At the current price, IIFL Finance shares are down 49% from their peak.
