BSE to shift 14 stocks to restricted trading segment

The move is part of a preventive surveillance measure to ensure market safety
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First Published: Mon, Jan 28 2013. 09 51 PM IST
The stocks will be shifted to trade-to-trade segment with effect from 1 February. Photo: Hemant Mishra/Mint
The stocks will be shifted to trade-to-trade segment with effect from 1 February. Photo: Hemant Mishra/Mint
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 1 February.
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.
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 scrips 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.
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First Published: Mon, Jan 28 2013. 09 51 PM IST
More Topics: BSE | Stocks | Restricted Trading |
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