The National Stock Exchange (NSE) is set to introduce 45 new stocks in its Futures and Options (F&O) segment effective November 29, 2024. This move brings notable entrants like Jio Financial Services (JFSL), Zomato, Life Insurance Corporation of India (LIC), Avenue Supermarts (DMart), and Adani Green Energy, offering a broader spectrum of trading opportunities for investors and traders. The introduction of F&O (Futures and Options) contracts on 45 new stocks by the National Stock Exchange (NSE) marks a significant development for traders and investors. Some notable entrants, open up new opportunities in
derivatives trading, offering more avenues for hedging and speculative strategies.
Implications for Traders and Investors:
1. Increased Liquidity and Depth:
– The addition of these securities may enhance market depth and liquidity, especially for popular stocks like Zomato and Jio Financial Services. – Stocks with robust fundamentals and high retail participation, such as Avenue Supermarts, could see increased volatility and price discovery efficiency.
2. New Strategies: – Traders can now deploy various F&O strategies like covered calls, protective puts, or iron condors in these securities to capitalize on market movements or hedge their positions.
3. Sectoral Opportunities: – The inclusion spans across diverse sectors: technology (Tata Elxsi, KPIT Technologies), financials (LIC, Angel One, Jio Financial Services), infrastructure (IRB Infra, NHPC), and consumer (DMart, Nykaa). – Investors can leverage these instruments to align with sector-specific trends
or themes.
4. Impact on Stock Performance: – Stocks entering the F&O segment often witness short-term volatility due to increased speculative interest. Monitoring the price and volume trends
post-November 29 will be crucial.
Current Market Context: Indian markets are under pressure, with benchmarks Sensex and Nifty declining
for the fifth consecutive session. The sharp fall of over 10% from all-time highs reflects concerns over weak global trends, a stronger dollar index, and foreign outflows.
– Broader Market Decline:
– Midcap and small-cap indices underperforming indicates a broader risk-off
sentiment.
– Outlook:
– Continuous FII selling and currency pressures suggest near-term bearishness.
Investors might find value opportunities as corrections deepen, especially in
stocks newly included in F&O.
Key Considerations for the F&O Rollout: The NSE plans to announce the specifics, such as market lot sizes, strike price schemes, and quantity freeze limits, on November 28, 2024. Traders should stay updated as these parameters significantly impact trading strategies.
Action Points: – Analyze the volatility and liquidity trends in these new F&O stocks. – Watch for sectoral strengths to identify potential opportunities. – Remain cautious in the current bearish market sentiment while exploring new derivatives instruments.
Here’s the requested list in sequence along with brief profiles, current market prices, buying range, possible targets and with holding period and stop loss. Please note that I will provide typical details for some companies, but actual values like market price, PE ratio, and returns may change frequently that you need to keep track of. For now, here’s the sequence with brief profiles:
1. ADANIENSOL –
Adani Energy Solutions Limited
Profile : A leading player in India’s power transmission and distribution space.
Sector : Energy
CMP – 879
Entry- 650 to 540
Target – 1000 to 1850
SL – 455
Holding – 2 to 4 Years
2. ADANIGREEN –
Adani Green Energy Limited
Profile : A renewable energy company with a focus on solar and wind energy projects.
Sector : Energy (Renewable)
CMP – 1490
Entry- 1140 to 1290
Target – 1000 to 1850
SL – 465
Holding – 2 to 4 Years
3. ANGELONE – Angel One Limited
Profile : A prominent financial services company providing retail broking, investment, and
wealth management services.
Sector : Financial Services
CMP – 2695
Entry- 2250 to 2150
Target – 4000 to 6500
SL – 1960
Holding – 1.5 to 3 Years
4. APLAPOLLO – APL Apollo Tubes Limited
Profile : Manufacturer of hollow and structural steel pipes and tubes.
Sector : Steel
CMP – 1470
Entry- 1350 to 1270
Target – 1640 to 3500
SL – 1200
Holding – 1.5 to 3 Years
5. ATGL – Adani Total Gas Limited
Profile : Provides city gas distribution and operates in the natural gas distribution sector.
Sector : Gas Distribution
CMP – 683
Entry- 470 to 500
Target – 1000 to 2800
SL – 400
Holding – 1.5 to 4 Years
6. BANKINDIA – Bank of India
Profile : One of the leading public sector banks in India, offering a wide range of financial
services.
Sector : Banking
CMP – 104
Entry- 65 to 47
Target – 150 to 250
SL – 40
Holding – 1.5 to 4 Years
7. BSE – BSE Limited
Profile : The Bombay Stock Exchange, one of the largest and oldest stock exchanges in
India.
Sector : Financial Services (Stock Exchange)
CMP – 4547
Entry- 3550 to 3400
Target – 5100 to 10000
SL – 3000
Holding – 1.5 to 5 Years
8. CAMS – Computer Age Management Services Limited
Profile : A leading provider of technology-based services to the asset management industry
in India. Sector : Financial Services (Technology)
CMP – 4581
Entry- 4200 to 4000
Target – 4900 to 8500
SL – 3400
Holding – 1.5 to 4 Years
9. CDSL – Central Depository Services (India) Limited
Profile : Provides depository services for securities and helps in the electronic trading
process.
Sector : Financial Services (Depository)
CMP – 1471
Entry- 1270 to 1140
Target – 1650 to 3500
SL – 3400
Holding – 1.5 to 4 Years
10. CESC – CESC Limited
Profile : Power utility company providing electricity distribution in Kolkata.
Sector : Energy (Utilities)
CMP – 179
Entry- 130 to 115
Target – 150 to 500
SL – 105
Holding – 1.5 to 6 Years
11. CGPOWER – CG Power and Industrial Solutions Limited
Profile : Provides electrical products, including transformers and industrial
equipment. Sector : Power Equipment
CMP – 695
Entry- 530 to 430
Target – 900 to 1500
SL – 390
Holding – 1.5 to 5 Years
12. CYIENT – Cyient Limited
Profile : A global technology solutions provider specializing in engineering, design, and digital transformation services.
Sector : Technology
CMP – 695
Entry- 530 to 430
Target – 900 to 1500
SL – 390
Holding – 1.5 to 5 Years
13. DELHIVERY – Delhivery Limited
Profile : A leading logistics and supply chain services company, known for its tech-driven
solutions.
Sector : Logistics
CMP – 330
Entry- 100 to 150
Target – 300 to 500
SL – 90
Holding – 1.5 to 5 Years
14. DMART – Avenue Supermarts Limited
Profile : Operates the D-Mart chain of supermarkets, providing retail goods at
competitive prices.
Sector : Retail
CMP –
Entry- 3000 to 2700
Target – 4000 to 5650
SL – 2500
Holding – 1.5 to 5 Years
15. HFCL – HFCL Limited
Profile : A telecommunications company providing optical fiber cable, telecom, and network
equipment.
Sector : Telecom
CMP – 126
Entry- 92 to 75
Target – 145 to 250
SL – 65
Holding – 1.5 to 5 Years
16. HUDCO – Housing Urban Development Corporation Limited
Profile : Provides financing for housing and urban development projects.
Sector : Financial Services (Housing)
CMP – 202
Entry- 147 to 140
Target – 200 to 400
SL – 130
Holding – 1.5 to 5 Years
17. INDIANB – Indian Bank
Profile : Public sector bank providing banking products and services to a wide range of
customers.
Sector : Banking
CMP – 536
Entry- 396 to 343
Target – 650 to 870
SL – 285
Holding – 1.5 to 4 Years
18. IRB – IRB
Infrastructure Developers Limited
Profile : A leading infrastructure company, focusing on toll roads, highways, and other
infrastructure projects.
Sector : Infrastructure
CMP – 47.76
Entry- 37 to 34
Target – 70 to 150
SL – 25
Holding – 1.5 to 6 Years
19. IRFC – Indian
Railway Finance Corporation Limited
Profile : A finance company providing funding for Indian Railways projects.
Sector : Financial Services
CMP – 139
Entry- 109 to 104
Target – 150 to 350
SL – 74
Holding – 1.5 to 6 Years
20. JIOFIN – Jio Financial Services Limited
Profile : A subsidiary of Reliance Industries, offering financial products and
services.
Sector : Financial Services
CMP – 318
Entry- 320 to 300
Target – 330 to 500
SL – 298
Holding – 1 to 6 Months
21. JSL – Jindal Stainless Limited
Profile : A leading manufacturer of stainless steel products in India.
Sector : Steel
CMP – 694
Entry- 510 to 535
Target – 850 to 2000
SL – 430
Holding – 1 to 6 Years
22. JSWENERGY – JSW Energy Limited
Profile : Engaged in the production of power, primarily through thermal and renewable energy
sources.
Sector : Energy
CMP – 740
Entry- 510 to 535
Target – 800 to 2100
SL – 640
Holding – 1 to 2 Years
23. KALYANKJIL – Kalyan Jewellers India Limited
Profile : A leading jewelry retail brand in India, offering a range of gold, diamond, and
other jewelry.
Sector : Retail (Jewelry)
CMP – 740
Entry- 510 to 535
Target – 800 to 1800
SL – 640
Holding – 1 to 3 Years
24. KEI – KEI Industries Limited
Profile : A leading manufacturer of cables and wires for various industries.
Sector : Industrial Manufacturing
CMP – 3811
Entry- 2821 to 2470
Target – 3500 to 6500
SL – 2350
Holding – 1 to 5 Years
25. KPITTECH – KPIT Technologies Limited
Profile : A global technology company providing IT services and consulting, specializing in
automotive and mobility sectors.
Sector : Technology
CMP – 1356
Entry- 1170 to 970
Target – 1500 to 4500
SL – 830
Holding – 1 to 5 Years
26. LICI – Life Insurance Corporation Of India
Profile : India’s largest life insurance company, providing a wide range of insurance
products.
Sector : Insurance
CMP – 908
Entry- 753 to 700
Target – 1000 to 2000
SL – 640
Holding – 1 to 3 Years
27. LODHA – Macrotech Developers Limited
Profile : A real estate development company, primarily focused on residential and commercial
projects.
Sector : Real Estate
CMP – 1222
Entry- 982 to 885
Target – 1500 to 2500
SL – 805
Holding – 1 to 3 Years
28. MAXHEALTH – Max Healthcare Institute Limited
Profile : A healthcare provider operating hospitals and medical facilities across
India.
Sector : Healthcare
CMP – 1006
Entry- 830 to 780
Target – 1500 to 2500
SL – 700
Holding – 1 to 4 Years
29. NCC – NCC Limited
Profile : A leading infrastructure and construction company specializing in various civil
engineering projects.
Sector : Construction
CMP – 280
Entry- 225 to 198
Target – 320 to 500
SL – 180
Holding – 1 to 4 Years
30. NHPC – NHPC Limited
Profile : India’s leading hydropower company, engaged in the generation of electricity through
hydroelectric power plants.
Sector : Energy (Renewable)
CMP – 78
Entry- 60 to 70
Target – 100 to 210
SL – 180
Holding – 1 to 4 Years
31. NYKAA – FSN E-Commerce Ventures Limited
Profile : An e-commerce company primarily focused on beauty, wellness, and fashion
retail.
Sector : E-commerce (Retail)
CMP – 171
Entry- 99 to 105
Target – 250 to 510
SL – 80
Holding – 1 to 6 Years
32. OIL – Oil India Limited
Profile : A state-owned oil and gas exploration company, producing crude oil and natural
gas.
Sector : Energy (Oil & Gas)
CMP – 475
Entry- 390 to 350
Target – 500 to 850
SL – 300
Holding – 1 to 5 Years
33. PAYTM – One 97 Communications Limited
Profile : A leading fintech company in India, offering digital payment, lending, and
e-commerce services.
Sector : Technology (Fintech)
CMP – 475
Entry- 390 to 350
Target – 500 to 850
SL – 300
Holding – 1 to 5 Years
34. POLICYBZR – PB Fintech Limited
Profile : Operates digital platforms like Policybazaar for insurance and financial
services.
Sector : Financial Services (Fintech)
CMP – 1724
Entry- 1450 to 1570
Target – 2000 to 4500
SL – 1350
Holding – 1 to 5 Years
35. POONAWALLA – Poonawalla Fincorp Limited
Profile : Provides loans and other financial products, primarily focusing on retail
lending.
Sector : Financial Services
CMP – 355
Entry- 315 to 246
Target – 500 to 950
SL – 210
Holding – 1 to 5 Years
36. PRESTIGE – Prestige Estates Projects Limited
Profile : A major player in the real estate sector, focusing on residential, commercial, and
mixed-use projects.
Sector : Real Estate
CMP – 1547
Entry- 1435 to 1332
Target – 1850 to 3550
SL – 1200
Holding – 1 to 5 Years
37. SJVN – SJVN Limited
Profile : An Indian public sector undertaking in the hydroelectric power generation
sector.
Sector : Energy (Renewable)
CMP – 103
Entry- 80 to 75
Target – 175 to 250
SL – 60
Holding – 1 to 5 Years
38. SONACOMS – Sona BLW Precision Forgings Limited
Profile : A global leader in precision forging and manufacturing components for automotive
and other industries.
Sector : Auto Components
CMP – 668
Entry- 600 to 540
Target – 750 to 1450
SL – 480
Holding – 1 to 5 Years
39. SUPREMEIND – Supreme Industries Limited
Profile : A leading player in plastic processing, manufacturing products for various
sectors including infrastructure and agriculture.
Sector : Manufacturing (Plastic)
CMP – 4543
Entry- 4000 to 3540
Target – 6000 to 8600
SL – 3100
Holding – 1 to 5 Years
40. TATAELXSI – Tata
Elxsi Limited
Profile : A
technology services company, specializing in design and engineering services
for the automotive, broadcast, and telecom sectors.
Sector : Technology
CMP – 6375
Entry- 4616 to 3637
Target – 8500 to 12000
SL – 3000
Holding – 1 to 5 Years
41. TIINDIA – Tube Investments of India Limited
Profile : Engaged in the manufacturing of steel tubes, bicycle components, and other industrial
products.
Sector : Industrial Manufacturing
CMP – 3440
Entry- 2460 to 2150
Target – 4000 to 6500
SL – 2000
Holding – 1 to 6 Years
42. UNIONBANK – Union Bank of India
Profile : One of India’s largest public sector banks, offering a variety of financial products
and services.
Sector : Banking
CMP – 114
Entry- 78 to 57
Target – 120 to 200
SL – 40
Holding – 1 to 5 Years
43. VBL – Varun Beverages Limited
Profile : A leading manufacturer of beverages, including soft drinks and bottled water, as
a bottling partner for PepsiCo in India.
Sector : FMCG (Beverages)
CMP – 575
Entry- 420 to 363
Target – 650 to 1000
SL – 300
Holding – 1 to 4 Years
44. YESBANK – Yes Bank Limited
Profile : A private sector bank offering banking and financial services to retail and
corporate customers.
Sector : Banking
CMP – 19
Entry- 14 to 10
Target – 45 to 150
SL – 8
Holding – 1 to 5 Years
45. ZOMATO – Zomato Limited
Profile : A global restaurant discovery and food delivery service company.
Sector : E-commerce (Food Delivery)
CMP – 269
Entry- 230 to 190
Target – 340 to 650
SL – 175
Holding – 1 to 3 Years
In conclusion, retail investors should maintain a cautious stance, focusing on well-researched opportunities that align with current valuations and SWOT metrics. Given the ongoing sell-off, particularly from FIIs, patience is key, and investors should wait for stronger signals before re-entering the market.
Regards,
VLA Ambala, a SEBI-registered Research Analyst,
So, I hope this detailed analysis can serve as a comprehensive guide for you, helping you to make informed decisions about the Hyundai IPO. Would you like to get any IPO or stock review by us? Yes- Drop a comment Ill try to review it for you.
Thanks VLA Ambala – SBEI RA
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