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Amtek Auto shares extended their downtrend for the second straight session today, falling sharply by 43 per cent, following news of exclusion of the company’s futures and options (F&O) contracts from equity derivatives segment, with effect from October 30.
The stock tumbled 43 per cent to Rs 50.70 — its 52-week low — on the BSE.
On the NSE, the stock plummeted 39.98 per cent to Rs 53.50.
In the previous session, the stock crashed almost 31 per cent.
“.... contracts for new expiry months for Amtek Auto shall not be available for trading in equity derivatives segment on expiry of existing contract months,” the BSE had said in a notice yesterday.
In a circular on Tuesday, the NSE said, “.... no contracts shall be available for trading in Amtek Auto with effect from October 30, 2015.”
However, the existing unexpired contracts of expiry months August, September and October would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months, it said.
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