BSE shifts 213 stocks to restricted trading; NSE to move 117
Jun 03 2014 , Mumbai
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 and 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 'T' segment no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The bourses 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 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 307 stocks would continue in the trade-for-trade segment on its platform which included securities of Jubilant Industries and Birla Cotsyn.