New Delhi, April 21 -- Birlasoft share price rose by more than 4% following its removal from the Futures and Options (F&O) ban list. The stock had been listed on the NSE's F&O ban list on April 17. According to the National Stock Exchange, the derivative contracts for this stock exceeded 95 percent of the market-wide position limit, which resulted in its inclusion in the stock exchange's ban period. During the ban period, no new positions are permitted when stock exchanges put F&O contracts of a specific stock on hold.

The NSE revises the list of securities subject to the F&O ban for trading on a daily basis. According to Axis Securities, Birlasoft displays the lowest rankings in implied volatility, with current levels at 45%. This reduc...