Zomato, Paytm, Delhivery, Varun Beverages gain up to 4% on F&O addition from November 29

Zomato, DMart, CDSL, LIC, Paytm and Varun Beverages in Thursday's trade (November 14) traded mixed in trade on Thursday (November 14). The mixed sentiment in stocks resulted despite these stcoks being included in the F&O segment from November 29.

At around the time of writing this copy, Zomato, DMart, CDSL, Varun Beverages traded with gains of up to 4 per cent, while LIC traded mildly lower in the red.

Paytm, meanwhile, also being an eligible candidate, moved higher by up to 3 per cent at the last count, while Delhivery was up over 1 per cent.

The change has been announced on Wednesday -providing the list of as many as 45 stocks that are eligible for inclusion in the F&O trading segment. The list includes stocks such as Zomato, Jio Financial, Paytm, Delhivery, and Avenue Supermarts among others.

The new entrants will be available for trading in the F&O segment from November 29, the exchanges said.
 
“The market lot, scheme of strikes, and quantity freeze limit of the aforementioned securities shall be informed to members on November 28, 2024, through a separate circular,” stated the National Stock Exchange (NSE).

Importanly, the new entry allowed the inclusion of new-age companies into the trading segment. Furthermore, scrips available for F&O can only be included in the benchmark indices. 

As per Research inputs, since the year 2015, as many as 100 stocks have been added to the F&O segment. And between the interim period of announcement and inclusion, as many as 70 per cent stocks have delivered positive return.

Stocks that can be included in Nifty
Company                        Mcap (cr)            
LIC                                     5,67,889                
Avenue Supermarts       2,45,014                  
Adani green Energy        2,32,733                  
Zomato                             2,28,463
Jio Financial                     1,90,213
JSW Energy                      1,27,324

In the September review, Jio Financial and Zomato were two big contenders, nonetheless, because of non-inclusion in the F&O segment were not included. Now they can be made part of the index in the March review.

Furthermore, in case of LIC and DMart-the likely chances are less for inclusion in Nifty due to lower free-float or public shareholding.

Zomato in key focus

As per IIFL Securities the stock can be included in the December 2024 Sensex review and can hence result in an incremental flow to the tune of Rs 3,756 crore.