Shares of Polycab India fell over 5% on October 13 after the National Stock Exchange (NSE) announced it would discontinue futures and options (F&O) contracts on the stock from December 30, 2026. The NSE's decision means traders will no longer be able to trade Polycab F&O contracts beyond that date, impacting derivatives trading for the company, according to livemint.com.
The NSE issued a circular on October 12 stating it will not introduce contracts for new expiry months in Polycab India after the existing contract months expire. However, the October, November, and December 2026 contracts will remain available for trading until their respective expiry dates. This move follows an insolvency case involving alleged operational dues of ₹2.79 crore, where the National Company Law Appellate Tribunal (NCLAT) stayed an earlier order admitting insolvency proceedings against Polycab, per livemint.com.
Polycab shares declined as much as 5.3% to ₹7,961.10 on the day of the announcement. The stock has lost 1% in the past month and 12% over three months but has gained 8% in six months and 6% in the last year, with a 222% rise over five years. The stock hit a 52-week high of ₹10,128.60 in June 2026 and a low of ₹6,660.50 in January 2026, highlighting its volatile performance amid the F&O ban, according to livemint.com.
The NSE's ban on Polycab India F&O contracts will take effect after the December 2026 contract expiry, with no new contracts introduced thereafter. The stock's derivatives trading will cease from December 30, 2026, marking a significant change for traders and investors in Polycab India, as detailed by livemint.com.