IRCTC Stocks Under F&O Ban on NSE Today

National Aluminium Company Limited (Nalco), Canara Bank, Punjab National Bank (PNB), Indiabulls Housing Finance and Steel Authority of India (SAIL) continue to be among the stocks/securities that have been put in the futures and options (F&O) ban for trade on Monday, October 11, 2021, by the National Stock Exchange (NSE).

Whereas Indian Railway Catering and Tourism Corporation (IRCTC) and Sun TV have been added to the list for today. These securities are banned under the F&O segment as they have crossed 95 per cent of the market-wide position limit (MWPL), as per the NSE.

IRCTC shares have skyrocketed in the recent bull run, with the stock surging over 235 per cent this year (year-to-date). The state-owned company, which enjoys a strong monopoly, entered the primary markets by listing in October 2019. It has a 100 per cent market share in the rail network. It’s also the only entity authorised to manage catering services on trains and central static units at railway stations.

“It is at this moment informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions,” the stock exchange said. “Any increase in open positions shall attract appropriate penal and disciplinary action,” NSE added.

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