NSE to shift stocks of 47 firms to restricted trading segment

The National Stock Exchange has decided to move the securities of 47 companies including Educomp Solutions, Binani Industries and Birla Cotsyn (India) Ltd to the restricted trading category from April 15.

The move is part of a surveillance review and to ensure market safety and safeguard the interest of investors, NSE said in a notice today.

The scrips of the 47 firms would be shifted to the trade-for-trade segment or the 'T' group category. It allows for only delivery-based transactions and traders cannot take intra-day positions in such stocks.

Indiabulls Infrastructure and Power, Jindal Photo, Kirloskar Electric Company, Media Matrix Worldwide and NELCO are among the scrips to be shifted to 'T' group.

"Members are requested to take adequate precaution while trading in the above securities, as the settlement will be done on trade-to-trade basis and no netting off will be allowed," NSE said.

However, it added 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 will attract a circuit filter of up to 5 per cent which would be the maximum permissible limit within which their share prices can move.

Besides, NSE said as many as 174 stocks including Bharati Shipyard and Birla Ericsson Optical would continue to trade under 'T' Group category.

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E-mail ID will not be published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

  • It will take at least 4 more quarters for corporate bottomlines to turn around

    Aggregate numbers from corporate results in the June quarter of 2014-15 are hardly different from the previous six quarters, with no positive surprise

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

Tushar Gandhi

Dealing with a sin called insensitivity

Rage and the notion of being above the law — ...

Kuruvilla Pandikattu SJ

India’s greatest gift to the world

What we hear most often about India these days is ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture