In order to safeguard share investors' interest, India's leading bourses BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) have advised extra caution while trading in illiquid stocks; about 2,400 in all.
liquid stocks are those that can not be sold easily because they see limited trading.
They pose higher risks to investors because it is difficult to find buyers for them, compared with the frequently traded ones.
“Trading members are advised to exercise additional due diligence while trading in these securities either on own account or on behalf of their clients,”
As per directions from the market regulator Sebi.
BSE has listed out 2,133 & NSE 260 illiquid stocks, where additional due diligence is required.
There are about 5,000 listed companies on BSE, and more than 1,600 on NSE.
As per Market requlator SEBI directions, the 2 exchanges are required to draw up a list of illiquid securities & make it available to the trading members on a quarterly basis. The 2 have drawn up the recent lists based on trading activity during the October-December quarter.
The BSE listed illiquid scrips include.!
^ Parrys Sugar Industries
^ Godfrey Phillips India
^ Kinetic Engineering
^ Oswal Spinning & Weaving Mills
^ Sanofi India
^ Deccan Cements
^ Reliance Chemotex Industries
^ Zodiac Ventures
^ Sahara One Media And Entertainment
^ Panasonic Energy India etc..!
The NSE listed illiquid shares include..!
^ Deccan Cements
^ Cinevista
^ Khaitan (India)
^ SMS Pharmaceuticals
^ Surana Telecom and Power
^ Asian Hotels (East)
^ Asian Hotels (West)
^ Vardhman Holdings
^ Zenith Exports etc..!
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