F&O Ban list: Can Fin Homes, Ambuja Cements shares' OI cross 95%, to replace these 2 stocks

F&O Ban list: Can Fin Homes and Ambuja Cements shares are likely to enter into F&O (Futures & Options) ban list as both the stocks' open interest have crossed 95 per cent of the Market-Wide Position Limit (MWPL), Zee Business research analyst Ashish Chaturvedi said in his report on Wednesday. 

To maintain the weight, Ambuja Cements shall be replacing India Cements. Its MWPL limit has come down to around 78 per cent. Similarly, PVR will also come out of the F&O ban list as its OI comes down to 81 per cent.  

Both Can Fin Homes and Ambuja Cements are likely to have an advantage from the F&O ban. Explaining this, Ashu Madan of JM Financial said, “The stocks which have huge momentum, sometimes negative news turns outs to be positive.” 

F&O बैन से बेनिफिट...

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Madan said that Amubja Cements was last week placed under the F&O ban and the stock price surged around Rs 30 to Rs 480.

Shares of Ambuja Cements on Wednesday slipped over 7 per cent intraday to touch day’s low of Rs 533. It eventually closed at Rs 541.5 after declining 5.5 per cent.

The stock in the last one month has jumped over 32 per cent and around 80 per cent in the last six months on the BSE. 

Delta Corp, Escorts, RBL Bank, India Cement, and PVR have also been placed under the F&O ban today. Securities in the ban period under the F&O segment include companies in which OI has crossed 95 per cent of the market-wide position limit.