Tata Elxsi, Emami, Natco Pharma may join F&O list

Shares of Tata Elxsi, SPARC, Emami and Natco Pharma, among others, are expected to be included in the F&O segment soon, according to ICICI Securities and Anand Rathi Securities.

Shares of some of these companies have rallied 50% to 190% this year so far. Analysts say as markets are in an uptrend, more stocks are qualifying for inclusion in the F&O segment.

NSE is expected to announce the inclusion list soon. The exchange on last four occasions, since September 2014, has announced inclusion of 25 new stocks in the F&O segment.

The eligibility for inclusion in the derivatives segment is based on the criteria laid down by Sebi, which said that stocks shall be chosen from among the top 500 shares in terms of average daily market capitalisation and average daily traded value over the past six months.

“Shares of some of the probable names may see surge in trading activity before inclusion in the F&O segment,” said Chandan Taparia, derivatives and technical analyst at Anand Rathi Securities.