As many as four stocks were under the NSE F&O ban list on Thursday, May 19, 2022. Two of the four stocks are part of celebrity investor Rakesh Jhunjhunwala's portfolio. Three securities, namely Indiabulls Housing Finance (One of the Big Bull's stocks), GNFC, and Punjab National Bank were already under ban on Wednesday. The ban on these securities was extended and Delta Corp was added on Thursday. Shares of the online gaming company were banned from trading in the futures and options segment for May 19 after the stock crossed 95 percent of the market-wide position limit. 

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"It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action," read NSE circular on security ban. 

It is a double whammy for Jhunjhunwala's gaming stock, Delta Corp, which has plunged nearly 8% in the last two days, after the Group of Ministers agreed to levy 28% GST on casino, race course and online gaming in a meeting on Wednesday.  

As per March quarter, billionaire investor holds 2 crore shares amounting to 7.5% stake in this gaming company, as per the corporate filing of Delta Corp for the quarter ended March 31, 2022.  

Indiabulls Housing Finance was another stock in Big Bull's portfolio to be placed under NSE F&O ban list.  

Jhunjhunwala has bought 10 lakh additional shares of Indiabulls Housing Finance in the recently concluded quarter. 

The ace investor had raised his stake in the company from 1.1% in December 2021 quarter to 1.3% in March 2022. Indiabulls Housing Finance latest corporate filing shows that the billionaire investor now holds 60,00,000 equity shares against 50,00,000 equity shares in December 2021.       

Besides, Indiabulls Housing Finance, the celebrity investor had also raised his stake in a pharmaceutical company and a PSU Bank in the quarter ended March 31, 2022. The ace investor raised his stake in Jubilant Pharmova and Canara Bank by 0.5% and 0.4% respectively in the same quarter.    

As per the latest corporate shareholdings filed, Rakesh Jhunjhunwala and Associates publicly holds 34 stocks. The value of these stocks has been pegged at Rs. 28,302.1 core as on May 19, as per stock analysis portal trendlyne.com. 

Earlier, In a meeting held on Wednesday, the Group of Ministers (GoM) had unanimously decided that a 28 per cent levy will be imposed on Online gaming, casinos and horse racing The current GST rate is at 18 per per cent.