Stay informed with the latest NSE circular regarding the removal of HONAUT from the FNO market on April 28, 2023. Learn about the impact on stock prices and settlement of contracts.
Removal of HONAUT from the FNO
On February 23, 2023, the National Stock Exchange (NSE) vide circular no. NSE/FAOP/55717 has decided to exclude Honeywell Automation India Limited (HONAUT) from the futures and options (F&O) segment. This means that new F&O contracts for this company will not be issued after April 28, 2023. This decision is based on a review of the framework for stocks in the derivatives segment by the Securities and Exchange Board of India (SEBI).
Last Date in F&O
Investors will be able to trade in the F&O of HONAUT till April 27, 2023. After that, new contracts for HONAUT will not be issued and this stock will not be a part of the F&O segment. Any contract that remains unsettled on April 27, 2023, will be settled by delivery.
Honeywell Automation India Limited (HONAUT) is a leader in providing integrated automation and software solutions, including process solutions and building solutions. It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients. HONAUT closed at 36738.85 on NSE on February 23, 2023, its 52-week high is 46397.70 and its low is 30185.35.
Impact of Removal from F&O
There may have an impact of the removal of HONAUT from the FNO on investors, it is important to note that HONAUT will continue to trade in the equity segment and its underlying business performance will continue to drive its stock prices. It is important for investors to consider all available information before making any investment decisions.