Leading bourse National Stock Exchange (NSE) will transfer 24 stocks, including Khaitan Electricals and Birla Ericsson Optical, to the restricted trade category from January 13.
The move is part of a surveillance review to safeguard interest of investors in the capital market.
Among other stocks that would be shifted to the trade-for-trade or 'T' group on the exchange included Alpine Housing Development Corp, Bharatiya Global Infomedia, Universal Cables and The Motor & General Finance.
These 24 scrips would be shifted to the trade-for-trade segment with effect from January 13, NSE said in a circular today.
In the trade-for-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
As per the exchange, the move is part of the "surveillance review, with a view to ensure market safety and safeguard the interest of investors."
The stock exchange has advised the trading members to take "adequate precaution" while trading in these scrips "as the settlement will be done on trade-to-trade basis and no netting off will be allowed".
However, the bourse added the transfer of these securities for trading and settlement on a trade-to-trade basis "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 price band of 5 per cent which would be the maximum permissible limit within which the share price can move.
