This smallcap stock is likely to be the next F&O exclusion contender

Intellect Design Area’s stock is likely to be excluded from the futures and options derivatives segment due to non-compliance with the minimum criteria for three consecutive months. The exclusion is methodologically driven, and the announcement could be expected in as soon as 10 days, according to Nuvama Institutional Equities. In the past, excluded stocks’ price performance just before the announcement was mostly poor, with an average decline of 1.9%. Intellect Design Area is a small-cap financial technology firm that caters to banks, insurance companies, and other financial services firms.