Six stocks, including Indiabulls Housing Finance, Indian Energy Exchange, The India Cements, Bharat Heavy Electricals, Manappuram Finance, and Delta Corp, were put under the F&O ban on Wednesday. Their contracts enter the ban zone when the open interest reaches 95% of the market-wide positions limit. Although banned for F&O trade, the shares will be available for trading in the cash market. Traders in indices aren t affected by security bans. Indian equities started positively on Tuesday with Nifty hovering near the upper band of consolidation, awaiting a positive trigger for a breakout.
Reliance Power share price: The counter's 14-day relative strength index (RSI) came at 72.20. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-equity (P/E) ratio of 7.96. It has a price-to-book (P/B) value of 0.59.
Suzlon Energy share price: Bourses BSE and NSE have put the securities of Suzlon Energy under the short-term ASM (Additional Surveillance Measure) framework. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-to-earnings (P/E) ratio. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.
Suzlon Energy share price: Earlier this week, Suzlon Group announced that it has crossed the 20GW wind energy installations milestone through 12,467 wind turbines installed across 17 countries spanning six continents.
Brightcom Group share price: Brightcom, which turned into a penny stock at the end of April this year, has rebounded 122.33 per cent from its one-year low of Rs 9.27. The sharp movement in the share price came after the fourth-quarter (Q4 FY23) results.