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CAMS and Paytm saw strong buying action which lifted the two to their 52-week highs on F&O entry; See how other stocks performed
On Friday, post debut in the F&O segment, shares of Adani group companies were among the top gainers
Almost 50% of the newly added stocks in the futures and options (F&O) segment today were seen trading with a positive bias on the National Stock Exchange (NSE).
Stocks in the F&O segment typically attract higher trading volumes and are often considered potential candidates for inclusion in the BSE (Bombay Stock Exchange) and NSE indices. Additionally, these stocks offer hedging opportunities for investors.
On Friday, following their debut in the F&O segment, shares of Adani Group companies were among the top gainers among the 45 new additions. Adani Green, Adani Energy Solutions, and Adani Total Gas saw significant gains, rising between 6% and 9%.
Top Gainers
Other notable new entrants included LIC India, which surged nearly 4%. Other prominent gainers included CDSL, Computer Age Management, NCC, APL Apollo Tubes, BSE, Angel One, and Jio Financial Services, each advancing by 2-3%.
Paytm and CAMS Reach 52-Week Highs
Paytm and CAMS both saw their shares rise by 3%, reaching 52-week highs of Rs 952 and Rs 5,098.80, respectively. CAMS has seen an 89% increase in its share price year-to-date, while Paytm has gained 47%.
Top Drags
On the flip side, Poonawala Fincorp was the biggest loser, down nearly 4%. Other stocks that saw declines included Max Healthcare, Nykaa, NHPC, and IRFC, which fell by 2-3%.
The NSE had announced the new additions to the F&O segment on November 13, 2024. As of Thursday, November 28, 2024, 37 out of these 45 stocks had recorded net gains since the announcement.
Major Movers
Among the top performers, Paytm saw the largest gain, soaring over 23% during this period. Adani Total Gas and PB Fintech (PolicyBazaar) followed with gains of 18% and 15%, respectively. Other notable stocks that rallied between 10-13% included SJVN, HUDCO, CDSL, Varun Beverages, Zomato, KEI Industries, IRB Infra, Angel One, HFCL, Prestige Industries, and IRFC.
In addition, another 14 stocks, including CG Power, Jio Financial Services, NHPC, YES Bank, Macrotech Developers, Kalyan Jewellers, Oil India, and Tata Elxsi, saw gains of more than 5% each ahead of their F&O inclusion.
Notable Declines
However, 8 stocks recorded net losses over the past two weeks, including Adani Group companies Adani Green and Adani Energy Solutions, which fell by 26% and 18%, respectively. Other significant losers included Jindal Stainless, which declined by 19%, and JSW Energy.
