Vodafone Idea Joins the F&O Ban List With 3 Other Stocks for Jan 12

  • Investing.com
  • Stock Market News
Vodafone Idea Joins the F&O Ban List With 3 Other Stocks for Jan 12
Credit: © Reuters.

By Malvika Gurung

Investing.com -- One new stock has been added to the Futures and Options (F&O) ban list on January 12, 2022. This brings the total to four stocks under the ban list.

The four stocks include Indiabulls (NS: INBF ) Housing Finance, RBL Bank (NS: RATB ), Delta Corp (NS: DELT ) and Vodafone Idea (NS: VODA ). After plummeting 20.5% on Tuesday’s session, the telecom major Vodafone (LON: VOD ) Idea is the most recent stock to join the F&O ban list of the NSE.

The four securities are banned for trade under the futures and options segment on Wednesday, as they have exceeded 95% of the market-wide position limit and shall continue remaining in the ban list until their position falls below 80%.

While on the Futures and Options ban list, no new/fresh F&O positions can be bought or sold for the stock(s), else that trader gets penalised. Traders with existing positions in that security can unwind their positions.

Moreover, the market-wide position limit is set by the stock exchanges.

The NSE directs all clients/members to trade in the derivative contracts of the aforementioned securities only to decrease their positions through offsetting positions.

The country's third-largest telecom player Vodafone Idea availed the telecom relief package on Tuesday, rolled out by the Government, post which the latter held a 35.8% in Vi, while promoter group, Vodafone and Aditya Birla Group held a total of 46.3% stake in the company.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search
  • Jai Hind @Jai Hind
    Is it going to recover
    Like 0
  • Jai Hind @Jai Hind
    Is it going to recover
    Like 0
  • Jai Hind @Jai Hind
    Is it going to recover
    Like 0
  • Jai Hind @Jai Hind
    Is it going to recover
    Like 0

Related Articles