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Zomato share price jumped nearly 5 per cent on Thursday post inclusion in the futures and options (F&O) segment of NSE
Zomato Share Price
Zomato share price jumped nearly 5 per cent on Thursday post inclusion in the futures and options (F&O) segment of the National Stock Exchange (NSE).
The update, effective from November 29, includes notable names such as Zomato, DMart, BSE, YES Bank, Paytm LIC, and Jio Financial.
Some of the other stocks include Adani Energy, Adani Green Energy, Angel One, Adani Total Gas, Bank of India, CDSL, Cyient, Delhivery, Hudco, Nykaa, KPIT Technologies, Oil India, Tata Elxsi, Tube Investments, PB Fintech, JSW Energy, Jindal Stainless.
The move has spurred buying interest among investors, as F&O inclusion is often seen as a liquidity booster for stocks.
The exchange clarified that the market lot size, strike price range, and other specifics for the newly included stocks will be communicated in an official circular on November 28, a day before the F&O trading goes live on November 29.
Zomato shares surged to its intraday high of Rs 270.70 per share on the NSE, rising 4.76 per cent from its previous close. At around 11 am, the shares were trading at Rs 269.09 apiece, up 4.14 per cent.
In volume terms, over 3 crore shares of the company were traded on the NSE till 11 am.
The sharp up trend in the stock price movement was also seen as a peer rub-off effect after Swiggy’s listing on the exchanges on Wednesday.
In the early trade today, the stock extended gains on the second consecutive day on November 14, rising over 7 per cent intraday. However, shortly after it slipped into negative territory quotings at Rs 440.35 per share on the NSE, down 3.43 per cent at around 11 am.
The shares of the food delivery and quick commerce major Swiggy ended with a premium of nearly 17 per cent against the issue price of Rs 390 on Wednesday.
