IREDA, Tata Tech shares gain almost 2% after stocks' inclusion in March F&O series

“The futures and options contracts on the following securities would be available for trading w.e.f. February 28, 2025, subject to fulfilment of eligibility criteria of the Quarter Sigma computation cycle of February 2025,” NSE said in a statement.

The market lot and scheme of strikes of the abovementioned securities shall be informed to members on February 27, 2025, through a separate circular, NSE further said. “The details of applicable quantity freeze shall be available in the contract file which shall be applicable for trading on February 28, 2025.”

At close, IREDA shares settled at ₹173.75 apiece on BSE, rising 2.09% while Tata Technologies gained 2.51% to close at ₹748.05.

State-run IREDA had reported a 26.8% year-on-year (YoY) increase in its net profit for the third quarter, at ₹425.4 crore compared to ₹335.5 crore in the same period last year. The company's net interest income (NII) also surged by 39% YoY, standing at ₹622.3 crore, up from ₹448.1 crore in Q3 of the previous year.

Tata Technologies reported a 1% drop in its net profit to ₹168.6 crore for the quarter ended December 31, 2024, compared to ₹170.2 crore in the year-ago period. The fall in the company’s net profit was largely due to a 3.15% rise in its total expenses, which stood at ₹1,119.31 crore for the quarter, up from ₹1,085.14 crore in the corresponding period last year.

Meanwhile, the company’s revenue from operations stood at ₹1,317.4 crore, rising 2.2% from ₹1,289.5 crore in Q3 of the 2024-25 fiscal year.