BSE shifts 43 stocks to T segment
The Bombay Stock Exchange (BSE) is shifting 43 stocks to trade-to-trade or T segment as part of surveillance measures taken from time to time to protect interest of investors.
By ET Bureau |
MUMBAI: The Bombay Stock Exchange (BSE) is shifting 43 stocks to trade-to-trade or T segment as part of surveillance measures taken from time to time to protect interest of investors.
These scrips will attract circuit filter of 5% or lower on both buy and sale side, with effect from December 29 ���08. The exchange has asked brokers to take adequate precaution while trading in the 43 scrips, as settlement will be done on trade-to-trade basis.
In the T segment, netting off positions is not allowed and shares have to be compulsorily delivered in the market.
BPL, Indiabulls Retail, McDowell Holdings, Saurashtra Cement, Shiva Cement and Jindal Worldwide are a few notable stocks being shifted to the T segment, after surge in their prices in the past few weeks.
The scrips shot up in the range from 26% to as high as 109% (Saurashtra Cement) in the past one month.
In another move, the BSE has also revised circuit filter for nine stocks to check any abnormal movement in price.
It has fixed the limit of 10% for five stocks including Hiran Orgachem, Gulf Oil Corporation, Netlink So-lutions, Punjab Woolcombers and Infotrek Syscom. Another four - Malar Hospitals, Choksi Laboratories, Hindustan Bio Sciences and Clio Infotech - will attract filter of 5% from Tuesday, said the BSE in a notice to its members.
These scrips will attract circuit filter of 5% or lower on both buy and sale side, with effect from December 29 ���08. The exchange has asked brokers to take adequate precaution while trading in the 43 scrips, as settlement will be done on trade-to-trade basis.
In the T segment, netting off positions is not allowed and shares have to be compulsorily delivered in the market.
BPL, Indiabulls Retail, McDowell Holdings, Saurashtra Cement, Shiva Cement and Jindal Worldwide are a few notable stocks being shifted to the T segment, after surge in their prices in the past few weeks.
The scrips shot up in the range from 26% to as high as 109% (Saurashtra Cement) in the past one month.
In another move, the BSE has also revised circuit filter for nine stocks to check any abnormal movement in price.
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It has fixed the limit of 10% for five stocks including Hiran Orgachem, Gulf Oil Corporation, Netlink So-lutions, Punjab Woolcombers and Infotrek Syscom. Another four - Malar Hospitals, Choksi Laboratories, Hindustan Bio Sciences and Clio Infotech - will attract filter of 5% from Tuesday, said the BSE in a notice to its members.
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