After a surveillance review, leading bourse National Stock Exchange (NSE) has identified 14 scrips, including Reliance MediaWorks and BAG Films and Media for restricted trading category.
Mumbai: After a surveillance review, leading bourse National Stock Exchange (NSE) has identified 14 scrips, including Reliance MediaWorks and BAG Films and Media for restricted trading category.
In a circular, the exchange has said it would shift the stocks to the trade-to-trade segment with effect from December 7. In this segment no speculative trading is allowed and delivery of shares and payment of the consideration amount are mandatory.
The move is part of the preventive surveillance measure taken by the bourse to ensure the market safety and to safeguard the interest of investors.
Among other stocks that would be included in "T" Group are Indiabulls Wholesale Services Ltd, Coromandel Engineering Company and MIC Electronics.
The exchange also said that 82 stocks including L&T Finance Holdings Ltd, Wockhardt Ltd, Zee News and TT Ltd would continue to be in the trade-to-trade segment.
Also, the exchange has advised exercise of caution while trading in these stocks.
"Trading Members should note that the transfer of scrip's for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company.
"Further, this is a temporary measure and will be periodically reviewed depending on the market conditions," the NSE said.
Besides, these stocks attract a low circuit filter -- the maximum permissible limit within which the share price can move - of up to 5 percent.
Zuari Agro Chemicals would be transferred to rolling segment from 'T' category with effect from December 12.
Earlier, rival bourse BSE had identified 28 scrips that included Reliance MediaWorks, BAG Films and Media and Indiabulls Wholesale Services for restricted trading category.