Fame India, William Magor & Company, Emami Infrastructure, RM Mohite Industries, Indowind Energy and Simplex Mills Company are trading lower by 4-10% each after being shifted to the trade-to-trade (T) group with effect from July 22.
The Bombay Stock Exchange (BSE) has shifted fifty-three stocks to the T group as a part of surveillance measures. These scrips would attract a circuit filter of 5% or lower as applicable. In the T2T segment, each trade has to result in delivery and no intra-day netting of positions is allowed.
“As a part of surveillance measures, the exchange transfers various scrips for settlement on a trade-to-trade basis. The criteria for shifting scrips to/fro for settlement on a trade-to-trade basis are decided jointly by the stock exchanges in consultation with Sebi and reviewed periodically,” the BSE said in its notice dated June 6, 2011.
“The transfer of scrips for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measures and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be periodically reviewed depending on the market conditions,” the notice stated.
However, Luminaire Technologies, White Diamond Industries, VSF Projects, Super Bakers India and Mount Shivalik Industries are trading higher by 2-8% each on the BSE.