The NSE & BSE
have decided to shift about 200 securities of companies such as Bharati Shipyard, Hindustan Motors and Essar
Shipping to restricted trading segment from June 6, 2014 as part of
surveillance measures.
Few other stocks
which would be moved to trade-for-trade category or ‘T’ group on both the
exchanges are Aditya Birla Money, B A G Films and Media, BPL Ltd, Digjam,
Khaitan Electrical, Moser-Baer, Parrys Sugar Industries and Ramco Systems.
As per separate
notices issued by both the bourses, BSE will transfer 213 stocks to the ‘T
Group’, while NSE will move 117 scrips.
In the ‘T’ segment,
no speculative trading is allowed & delivery of shares and payment of
consideration amount are mandatory.
The bourses NSE and
BSE said the decision is part of a surveillance review to ensure market safety
and safeguard the interest of investors.
The exchanges have
asked its members “to take adequate precaution” while trading in these stocks.
They said, however,
the transfer of security for trading & settlement on a trade-to-trade basis
“is purely on account of market surveillance and it should not be construed as
an adverse action against the concerned company’’.
These stocks would
attract a circuit filter of up to 5% which would be the maximum permissible
limit within which the share price can move.
Meanwhile, NSE also
said that as many as 307 stocks would continue in the trade-for-trade segment
on its platform, which include the securities of Jubilant Industries and Birla
Cotsyn.
No comments:
Post a Comment