I short sold 80 shares of Mysore Bank on Thursday 16th June at Rs 659 which hit the upper circuit. However it did not get delivered to my account. Is there any chance I may profit in the auction process? What may be the maximum loss that I may have to incur ? Please help me in simplifying the calculations.
It’s up another 5% today. I don’t think there’ll be any profit that you will make here.
Maximum loss depends on Stock price on T+3. You have to wait, no other option. You can read this blog on Short delivery here: http://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse