GCPL, Torrent Pharma, Concor gain 3% each, Jet hits 52-week high on F&O inclusion

NEW DELHI: Four stocks surged up to 3 per cent in Thursday's trade after the NSE said it would include those scrips in its futures and options segment with effect from Friday.

Shares of Jet Airways made a flying start and climbed 3.26 per cent to hit a fresh 52-week high of Rs 679.50 on the bourse.

GCPL climbed 3.12 per cent to hit a high of Rs 1,320. At the current price, the scrip is 10 per cent down from its August 3 high of Rs 1,459.

Shares of Torrent Pharmaceuticals advanced 2.78 per cent to Rs 1,498.70. Yet, the stock is down 13 per cent from its 52-week high of Rs 1,718.40 hit on September 1. Concor climbed 2.95 per cent to Rs 1,320 in trade. The scrip is up 5 per cent from its September low of Rs 1,256.

At present, there are over 200 scrips trading in the NSE’s F&O segment.

For inclusion in the derivatives segment, the stock's marketwide position limit (MWPL), which is the total number of contracts active at any time for a given underlying, should be Rs 300 crore among other criteria.

Besides, the minimum order requirement for a stock to be eligible for introduction in the derivatives segment should be Rs 10 lakh.

In November, NSE had launched F&O contracts for Wockhardt, Amtek Auto, Bosch, Indiabulls Housing Finance, Engineers India and Strides Arcolab.

(With inputs from PTI)