These 10 stocks gain ahead of F&O entry; do you own any?

Ten stocks that will enter NSE’s futures & options segment from 27 August 2021, rose 0.6% to 3.5% in morning trade. Hindustan Aeronautics (up 3.5%), IndiaMart InterMesh (up 1.52%), Syngene International (up 1.41%), Polycab India (up 1.4%), Dixon Technologies (up 1.21%), Ipca Laboratories (up 1.15%), MCX (up 0.76%), Oracle Financial Services Software (up 0.75%), Can Fin Homes (up 0.63%) and Indian Energy Exchange (up 0.6%) advanced.

The Nifty 50 index was up 62.35 points or 0.38% at 16,320.60. The Nifty crossed the 16,300 mark in early trade.

The National Stock Exchange (NSE) will include these stocks for trading in the futures and options (F&O) segment from 27 August 2021. The circular was issued after market hours yesterday, 9 August 2021. NSE will inform about the market lot, scheme of strikes and quantity freeze limit of the securities on 26 August 2021 through a separate circular.

Typically, stocks that enter the F&O segment gain ground due to the absence of circuit filters and an increase in institutional participation due to improved liquidity.

Other stocks in news:

Reliance Industries (RIL) rose 0.63%. Reliance New Energy Solar (RNESL), a wholly owned subsidiary of Reliance Industries (RIL), along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few other investors, has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, USA. The investment will help the company commercialise and grow its long-duration energy storage systems business globally. RNESL will invest $50 million to acquire 42.3 million shares of preferred stock in Ambri.

Coal India rose 0.07%. North Eastern Coalfields mines are managed directly by Coal India. The mines at Tikak, Tipong and Tirap of NEC were temporarily suspended from June 03, 2020 due to non-availability of forest and other Statutory Clearances.

Shree Cement dropped 3.72%. Shree Cement reported sharply higher consolidated net profit of Rs 630.89 crore in Q1FY22 against Rs 330.35 crore in Q1FY21. Total income jumped to Rs 3775.94 crore from Rs 2613.25 crore YoY.

Isgec Heavy Engineering advanced 2.74%. Isgec Heavy Engineering has received an order for a 175 KLPD Multi-feed Distillery from Dwarikesh Sugar Industries for their site at Bareilly, Uttar Pradesh.

NBCC (India) rose 0.94%. NBCC (India) has secured the total business of Rs. 646.91 crore in the month of July, 2021.

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