BSE to shift 31 scrips; NSE to move 13 stocks to 'T' group

Tags: News
Premier stock exchanges BSE and NSE have decided to shift securities of various firms including Cantabil Retail India to the restricted trading segment from May 23, following a surveillance review.

In total, BSE would shift as many as 31 stocks to the trade-for-trade category or 'T' Group while NSE would transfer 13 scrips to the segment on its platform, as per separate notices issued by both the bourses today.

Besides Cantabil, stocks of -- Sterling Biotech, Shyam Telecom, Aftek Ltd, Bhansali Engineering Polymers, Kalindee Rail Nirman (Engineers), Sanghi Industries, Transformers And Rectifiers (India) -- are among those which would be shifted to the 'T' on both the exchanges.

In the trade-for-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.

According to the bourses, the decision with respect to these securities is part of a surveillance review and 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.

However, they said that the transfer of security for trading and 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 per cent which would be the maximum permissible limit within which the share price can move.

Meanwhile, NSE also said that as many as 284 stocks would continue in the trade-for-trade segment on its platform which included securities of Wonderla Holidays, Birla Cotsyn (India) and Jubilant Industries.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The big challenge before India now is to figure out the real China

    Sino-Indian relations come under a rather special category, as far as ties between two neighbouring countries go.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Risks and effects of climate change

Research has shown that several people are aware of climate ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture