Stocks of JSW Energy dipped to Rs 78.65, down by nearly 2% to reach its 22-session low in the Friday’s trading session. The decline came as the company’s stocks would be banned from Futures and Options trading from February.
The existing unexpired contracts of expiry months November, December, and January would, however, continue to be available for trading till their respective tenures and new strikes would also be introduced in the existing contract months.
Accordingly, no contracts shall be available for trading in the above-mentioned security with effect from January 29, 2018.
JSW Energy Ltd ended at Rs 79.7, down by Rs 0.7 or 0.87% from its previous closing of Rs 80.4 on the BSE. The scrip had opened at Rs 81.1 and has touched a high and low of Rs 81.1 and Rs 78.7 respectively. The stock is currently trading above its 50 DMA.
JSW Energy Limited, an integrated power company, generates and sells power in India. The company operates 4,531 MW of power generation facilities as of FY17. Its Vijayanagar and Ratnagiri plant has capacity of 860 MW and 1200 MW respectively and utilizes imported thermal coal.