Trading in 15 securities will be available in Trade for Trade segment at a price band of 5 percent or lower with effect from September 27, the exchange said in a circular.
Leading stock exchange NSE will shift 15 firms to the restricted trading category from September 27 as part of a surveillance review.
Trading in 15 securities will be available in Trade for Trade segment at a price band of 5 percent or lower with effect from September 27, the exchange said in a circular.
Under the segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The firms are Simbhaoli Sugars, Mawana Sugars, Sakthi Sugars, Rana Sugars, The Ugar Sugar Works, Rajshree Sugars & Chemicals, Spentex Industries, Bedmutha Industries, Flexituff International, Jai Balaji Industries, Kesar Enterprises, Refex Industries, Kothari Sugars And Chemicals, Palash Securities and Precot Meridian.
"Members are requested to take adequate precaution while trading in the above securities, as the settlement will be done on trade-to-trade basis and no netting off will be allowed," the NSE said.
The criteria for shifting scrips to and from this segment are decided jointly by the stock exchanges in consultation with the Securities and Exchange Board of India and reviewed periodically.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
