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This State-Owned Stock Added Under F&O Ban List by NSE on May 13: Complete List

By Malvika Gurung

Investing.com — One new inventory has been positioned beneath the Futures and Choices (F&O) ban listing for commerce by the Nationwide Inventory Trade on Friday. It’s the public sector lender Punjab Nationwide Financial institution (NS:).

The lender’s inventory plunged nearly 14% on Thursday, hitting a contemporary 52-week low within the session at Rs 28.45/share, following a flop March earnings report, as its slippages within the interval skyrocketed 110.8% QoQ.

The opposite inventory already beneath the F&O ban listing is the housing finance firm Indiabulls Housing Finance (NS:). The inventory neatly rebounded 6.75%, after nosediving 21% within the earlier session.

Each the shares have exceeded 95% of the market-wide place restrict (MWPL), thereby putting them beneath the F&O ban listing by NSE. The inventory change updates the listing every single day.

Whereas on the Futures and Choices ban listing, no new/contemporary F&O positions could be purchased or bought for the inventory(s), else that dealer will get penalised. Merchants with current positions in that safety can unwind their positions.

Furthermore, the market-wide place restrict is ready by the inventory exchanges.

The NSE directs all purchasers/members to commerce within the by-product contracts of the aforementioned securities solely to lower their positions via offsetting positions.

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