BSE to move 33 stocks, NSE to shift 15 scrips to 'T' Group

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File Photo: NSE and BSE have asked their trading members to take File Photo: NSE and BSE have asked their trading members to take "adequate precaution" while dealing in these securities. (AP)
SummaryPremiere stock exchanges NSE and BSE will transfer stocks of various companies to the restricted trading segment on their platforms with effect from October 25 as part of a surveillance review.

Premiere stock exchanges NSE and BSE will transfer stocks of various companies to the restricted trading segment on their platforms with effect from October 25 as part of a surveillance review.

BSE would shift 33 securities to the trade-for-trade segment or the 'T' Group while NSE would transfer 15 scrips to this category, the two stock exchanges said in separate notices.

Some of the stocks which would be moved to the 'T' Group segment on both the bourses are Indiabulls Wholesale Services, Glodyne Technoserve, Asian Electronics, Shyam Telecom, Indosolar and ATN International.

In the trade-for-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.

The measure is part of the surveillance review and "to ensure market safety and safeguard the interest of investors," the stock exchanges said.

Further, NSE and BSE have asked their trading members to take "adequate precaution" while dealing in these securities.

However, they added that the transfer of these securities to the 'T' Group segment "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 circuit filter of up to 5 per cent which would be the maximum permissible limit within which the share price can move.

Meanwhile, NSE also said that as many as 158 stocks would continue in the trade-for-trade segment on its platform.

A few of these securities include Aditya Birla Chemicals, Birla Cotsyn, Aditya Birla Money, Birla Power Solutions, Essar Shipping, Hinduja Foundries, Reliance Broadcast Network and Tata Metaliks.

Besides, NSE said stock of Peacock Industries would be transferred back to normal segment with effect from October 24.

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