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BSE moves 32 scrips to trade-to-trade

These stocks will now attract a circuit filter of 5%, no netting-off position will be allowed

Samie Modak Mumbai
BSE will move scrips of 32 companies to the 'trade-to-trade' segment with effect from April 29, 2013.

Some of these companies include Resurgere Mines, Vijay Textiles, Visagar Financial Services and Zenith Health Care.

These stocks will now attract a circuit filter of 5% or lower and no netting off position will be allowed. Also, the value at risk of 100% will be levied on these scrips.

"Trading members should note that the transfer of scrip’s 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 in a release.

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First Published: Apr 23 2013 | 2:01 PM IST

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