Share price of Tata Technologies and IREDA jumps up to 5% after NSE F&O inclusion announcement

Shares of Tata Technologies and Indian Renewable Energy Development Agency (IREDA) surged up to 5% on February 20, 2025, following the National Stock Exchange of India (NSE) announcement regarding their inclusion in the Futures and Options (F&O) segment starting February 28.

NSE's Announcement and Impact

The NSE stated that Tata Technologies and IREDA derivative contracts will be available for trading from February 28, 2025, as part of the March series. The market lot size and the strike scheme will be communicated to traders on February 27.The February series expires on February 27, marking the transition to the March series with these new additions in the derivatives market.

This move follows NSE's previous inclusion of NBCC, Phoenix Mills, Solar Industries, and Torrent Power in the F&O segment in January 2025.

Stock Performance on February 20

Following the announcement, both Tata Technologies and IREDA stocks gained in early trade on February 20:

• Tata Technologies:

  • Opened at ₹735, above its previous close of ₹729.75.
  • Surged 4.65% to hit an intraday high of ₹763.70 per share on the BSE.
  • Despite today's rise, the stock is down 35% from its 52-week high of ₹1,179, recorded in February 2024.

• IREDA:

  • Opened at ₹171.80, up from its previous close of ₹170.20.
  • Gained 3.17%, reaching a high of ₹175.60 per share.
  • The stock last traded 1.15% higher at ₹172.15 per share on the BSE.

IREDA's Stock Movement Over the Past Year

Recent losses, including the F&O segment, could boost liquidity and attract higher trading volumes, potentially aiding the stock's recovery.

With the March series beginning on February 28, traders will closely watch Tata Technologies and IREDA for potential volatility and price action.

Conclusion

The sharp gains in Tata Technologies and IREDA stocks following the NSE's F&O announcement suggest  strong investor sentiment. While both stocks have seen corrections in recent months, their inclusion in the derivatives segment could provide renewed momentum, drawing market participants into the market.

With the March series commencing on February 28, these stocks  have the potential for higher trading activity.