BSE to shift 14 stocks to restricted trading segment

BSE to shift 14 stocks to restricted trading segment Mumbai: Leading bourse BSE has identified 14 scrips for restricted trading category as a part of its preventive surveillance measures to safeguard investors.

In a circular, the exchange said it would shift the stocks to trade-to-trade segment with effect from February 1.

The stocks that would be shifted to trade-to trade segment or "T" Group included Baroda Extrusion, Bisil Plast, Boston Bio Systems, CJ Gelatine Products, Geefcee Finance, Golden Carpets, Jaihind Synthetics, it said.

Among others are Mangalya Soft-Tech, Nicco Parks And Resorts, Rashel Agrotech, TCI Industries, Vanasthali Textile Industries, Virtual Global Education and Vision Cinemas.

In 'trade-to-trade' 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 market safety and safeguard the interest of investors.

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," BSE said.

"Further, this is a temporary measure and will be periodically reviewed depending on the market conditions," it added.

PTI