Sintex Inds tanks over 4%

Sintex Industries is not doing well today; the stock is currently down almost 4.5% at Rs.45.30, remaining strongly in the red. It is quite close to its 52-week low at Rs.42.

The stock is down in the red after the NSE stated that it will be excluding the stock from the Future & Options (F&O) segment. The NSE in its statement has stated that F&O contracts for new expiry months in Sintex Industries will not be issued on expiry of existing contract months. However, the existing unexpired contracts of expiry months June 2013, July 2013 and August 2013 will continue to be available for trading till their respective expiry and new strikes will also be introduced in the existing contract months. Accordingly, no contracts shall be available for trading in Sintex Industries with effect from 30 August 2013.