BSE and NSE to move some scrips to restricted trading segment
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BSE and NSE to move some scrips to restricted trading segment

Last Updated: Monday, May 20, 2013, 20:39
 
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BSE and NSE to move some scrips to restricted trading segment
Mumbai: Leading bourses BSE and NSE Monday identified stocks of some companies, including Birla Power Solutions, that will be shifted to the restricted trading category from May 24.

While BSE would shift 40 stocks to trade-for-trade or 'T' group, NSE would transfer 13 scrips to this category, the exchanges said in separate notifications.

Besides Birla Power, other firms to be included in the 'T' Group on both the bourses are -- B A G Films and Media, Euro Multivision, Wanbury and Paras Petrofils.

In the 'T' group no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.

As per BSE and NSE, the move is part of the surveillance review "to ensure market safety and safeguard the interest of investors".

The bourses have advised the trading members to take "adequate precaution" while trading in these scrips.

However, they 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 would attract a circuit filter of 5 percent which would be the maximum permissible limit within which the share price can move.

Meanwhile, NSE has listed 111 stocks which "will continue in trade for trade segment series".

These include stocks of -- Khaitan Electricals, Birla Cotsyn (India), Denso India and Uttam Sugar Mills.

Scrip of Gujarat Sidhee Cement would transferred to the normal segment from May 29, NSE noted.

PTI



First Published: Monday, May 20, 2013, 20:39


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