Leading stock exchange BSE today identified 28 scrips, including Reliance MediaWorks and Indiabulls Wholesale Services for restricted trading category. In a circular, the exchange said it would shift the stocks to the trade-to-trade segment with effect from December 7.
In 'trade--to--trade' segment, no speculative trading is allowed and delivery of shares and payment of the consideration amount are mandatory. The move is part of the preventive surveillance measure taken by bourse to ensure the market safety and to safeguard the interest of investors.
Among other stocks that would be included in "T" Group are BAG Films & Media, Coromandel Engineering Company and MIC Electronics. Also, the exchange has advised exercise of caution while trading in these stocks.
"Further, this is a temporary measure and will be periodically reviewed depending on the market conditions," the BSE said. Besides, these stocks attract a low circuit filter --- the maximum permissible limit within which the share price can move --- of up to 5 per cent. At the end of today's trade, there were 493 scrips in 'T' group.
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