The Bombay Stock Exchange and the National Stock Exchange will transfer the stocks of several companies, including Emami Infrastructure and Shriram EPC, to the restricted trade category from Friday.
The move is part of a surveillance review to safeguard the interest of investors in the capital market.
BSE would shift 57 securities to the trade-to-trade or ‘T’ group, while NSE would transfer 26 stocks to this segment, the two stock exchanges said in separate circulars.
Among other stocks which would be shifted to the ‘T’ group segment on both the bourses include Hindustan Dorr-Oliver Ltd, Hindustan Organic Chemicals, Plethico Pharmaceuticals and Ramco Systems.
Besides, BSE would also be shifting Deccan Chronicle Holdings to the restricted trade segment on its platform.
In the trade-to-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
As per the bourses, the move is part of the “surveillance review, with a view to ensure market safety and safeguard the interest of investors’’.
The stock exchanges have advised the trading members to take “adequate precaution” while trading in these scrips “as the settlement will be done on trade-to-trade basis and no netting off will be allowed’’.
However, they added that the transfer of these securities 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 price band of 5 per cent which would be the maximum permissible limit within which the share price can move.
The move is part of a surveillance review to safeguard the interest of investors in the capital market.
BSE would shift 57 securities to the trade-to-trade or ‘T’ group, while NSE would transfer 26 stocks to this segment, the two stock exchanges said in separate circulars.
Among other stocks which would be shifted to the ‘T’ group segment on both the bourses include Hindustan Dorr-Oliver Ltd, Hindustan Organic Chemicals, Plethico Pharmaceuticals and Ramco Systems.
Besides, BSE would also be shifting Deccan Chronicle Holdings to the restricted trade segment on its platform.
In the trade-to-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
As per the bourses, the move is part of the “surveillance review, with a view to ensure market safety and safeguard the interest of investors’’.
The stock exchanges have advised the trading members to take “adequate precaution” while trading in these scrips “as the settlement will be done on trade-to-trade basis and no netting off will be allowed’’.
However, they added that the transfer of these securities 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 price band of 5 per cent which would be the maximum permissible limit within which the share price can move.
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