Zomato, Paytm, Delhivery, Varun Beverages get up to 4% F&O surcharge from 29 November.
Zomato, DMart, CDSL, LIC, Paytm and Varun Beverages trading on Thursday (November 14) traded mixed on Thursday (November 14). Mixed sentiments on the stock resulted despite these stocks being classified as F&O from November 29.
At the time of writing this copy, Zomato, DMart, CDSL, Varun Beverages traded with gains of up to 4 percent, while LIC traded slightly in the red.
Paytm, on the other hand, being a contender, rose 3 percent at the last count, while Delhivery rose more than 1 percent.
The change was announced on Wednesday – providing a list of 45 stocks eligible for inclusion in the F&O trading segment. The list includes stocks like Zomato, Jio Financial, Paytm, Delhivery, and Avenue Supermarts among others.
The new entrants will be available for trading in the F&O category from November 29, the exchange said.
“The market place, the strike schedule, and the price limit of the aforementioned securities will be notified to members on November 28, 2024, using a separate circular,” said the National Stock Exchange (NSE).
Importantly, the new entry allowed the inclusion of new age companies in the trading segment. In addition, the available F&O scripts can only be installed on benchmark indexes.
According to Research, since the year 2015, 100 stocks have been added to the F&O segment. And during the interim period of announcement and listing, 70 percent of the shares have brought good returns.
Stocks that can be included in Nifty
Company Mcap (cr)
LIC 5,67,889
Avenue Supermarts 2,45,014
Adani Green Energy 2,32,733
Zomato 2,28,463
Jio Financial 1,90,213
JSW Power 1,27,324
In the September update, Jio Financial and Zomato were the two biggest operators, however, due to exclusion from the F&O category they were included. They can now be made part of the index in the March review.
Moreover, in the case of LIC and DMart- there is less chance of inclusion in Nifty due to decrease in free-float or public shareholding.
Zomato at its core
According to IIFL Securities the stock could be included in the December 2024 Sensex revaluation and could lead to an incremental inflow of up to Rs 3,756 crore.
