The National Stock Exchange (NSE) will move six firms to the restricted trading category from tomorrow as part of its enhanced surveillance measures.
Four firms would come under Stage 1 of the Graded Surveillance Measure (GSM), while two would be under Stage 2.
The exchange would move Jenson & Nicholson (India), Vimal Oil & Foods, Hind Syntex and Visu International to Stage 1. Infomedia Press and Blue Chip India would be placed under Stage 2, as per two separate circulars issued today.
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The measures on these firms would be effective from April 11.
In Stage 1, the scrip is moved to the "trade for trade" segment with the permitted price band of five per cent or lower as applicable.
In Stage 2, there would also be a requirement for Additional Surveillance Deposit (ASD) of 100 per cent of trade value charged to the buyer.
NSE has asked members to take "adequate precaution" while trading in the shares of these firms, as the settlement would be done on trade-to-trade basis and no netting off would be allowed.
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