Birlasoft Ltd, a global IT services firm headquartered in Maharashtra, India, witnessed a 4% share price surge following its exit from the NSE’s Futures and Options (F&O) ban list. The drop in implied volatility and a bullish technical pattern have renewed investor interest and may point to further upside momentum.
Birlasoft Ltd, an Indian IT services and consulting company headquartered in Maharashtra, saw its share price rise by more than 4% after being removed from the National Stock Exchange’s (NSE) Futures and Options (F&O) ban list. The move follows a period of restricted trading due to over 95% usage of the market-wide position limit.
The company, which serves global clients across Banking, Financial Services and Insurance, Manufacturing, Energy, Life Sciences, and Consumer Goods sectors, experienced renewed buying interest as trading restrictions were lifted. Analysts suggest the reduced implied volatility—currently at 45%—makes Birlasoft’s options contracts more appealing, particularly for investors seeking long positions.
According to Lakshmishree Investment and Securities, a bullish Marubozu candle on the weekly chart and the stock’s rebound after a 61% correction over 62 weeks reflect a strong trend reversal. Birlasoft’s price recovery has seen it reclaim its 10 and 20-day exponential moving averages (EMAs), with analysts eyeing the 50-day EMA at ₹423 as the next resistance level.
The stock opened at ₹371.15 and reached an intraday high of ₹389.60. Despite underperforming its sector over the past year, the recent chart patterns and technical recovery indicate that bulls may now be regaining control.
