BackNSE to shift 51 stocks to restricted trade segment from 12 April
The move is part of the preventive surveillance measure to ensure the market safety and to safeguard the interest of investors
Premium(Hemant Mishra/Mint)
Mumbai: The National Stock Exchange (NSE) will shift as many as 51 scrips to restricted trading category from 12 April in a measure to ensure market safety.
The scrips, which would be shifted to the trade-to-trade segment include A2Z Maintenance & Engineering Services, Bartronics India, Consolidated Construction Consortium, Khaitan Electricals, K S Oils, Triveni Engineering & Industries and Uttam Sugar Mills.
In the trade-to-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The move is part of the preventive surveillance measure to ensure the market safety and to safeguard the interest of investors, NSE said in a circular.
“Trading in securities (51)...will be available in Trade for Trade segment at a price band of five per cent with effect from 12 April 2013 (Friday)," the exchange said.
Also, the exchange has advised exercise of caution while trading in these scrips.
“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," NSE said.
“Further, this is a temporary measure and will be periodically reviewed depending on the market conditions," it added.
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