Wednesday 12 March 2014

L&T Finance, Just Dial rally 5% on inclusion in F&O segment

Shares of  L&T Finance Holdings and  Just Dial rallied more than 5 percent in early trade on Wednesday on inclusion in futures and options segment of the National Stock Exchange. 

"The futures and options contracts on L&T Finance and Just Dial would be available for trading w.e.f. Thursday, March 13, 2014. The market lot of these securities shall be informed on March 12 through a separate circular," the NSE said in its release. 

At 09:32 hours IST, non-banking finance company L&T Finance Holdings was up 4.13 percent at Rs 84.50 while local search services provider Just Dial rose 5.32 percent to Rs 1,700. 

L&T Finance has been in focus as analysts believe it is the strong contender for getting banking licenses that are likely to be issued in current calendar year, reports CNBC-TV18 quoting sources.

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