 "Select stocks slip on suspension of trading on account of surveillance measure")
Shares of 11 out of 31 companies are locked in lower circuit of the day on BSE after the exchange said trading in these securities shall be suspended with effect from Thursday March 31, 2016 as a surveillance measure.
CMI (Rs 240), Frontline Business Solutions (Rs 10.33) and Sphere Global Services (Rs 47.35) has locked in 20% lower circuit, while Patidar Buildcon (Rs 14.40) and Tirupati Industries India (Rs 25.05) frozen 10% down circuit on the BSE.
Cupid (Rs 305), High Ground Enterprise (Rs 63.95), Lykis (Rs 68.40), Radix Industries (Rs 122), Rammaica India (Rs 4.03) and Tilak Finance (Rs 1.77) have locked lower circuit of 5% on the BSE.
In continuation of the Exchange notice no. 20160304 – 28 dated March 04, 2016, Trading members are hereby informed that trading in the securities of the 31 companies shall be suspended with effect from Thursday March 31, 2016; the BSE said in a notice dated March 28, 2016. CLICK HERE TO READ NOTICE
SEBI had passed several orders against the concerned parties/companies, inter alia, in relation to unusual price movements vis-a-vis preferential issue price and weak financials of the company. In addition to aforesaid, trading Members are also aware that the Exchange had suspended trading in the securities of various companies on account of surveillance reasons; BSE said in a notice dated March 4, 2016. CLICK HERE TO READ NOTICE.
CMI (Rs 240), Frontline Business Solutions (Rs 10.33) and Sphere Global Services (Rs 47.35) has locked in 20% lower circuit, while Patidar Buildcon (Rs 14.40) and Tirupati Industries India (Rs 25.05) frozen 10% down circuit on the BSE.
Cupid (Rs 305), High Ground Enterprise (Rs 63.95), Lykis (Rs 68.40), Radix Industries (Rs 122), Rammaica India (Rs 4.03) and Tilak Finance (Rs 1.77) have locked lower circuit of 5% on the BSE.
In continuation of the Exchange notice no. 20160304 – 28 dated March 04, 2016, Trading members are hereby informed that trading in the securities of the 31 companies shall be suspended with effect from Thursday March 31, 2016; the BSE said in a notice dated March 28, 2016. CLICK HERE TO READ NOTICE
SEBI had passed several orders against the concerned parties/companies, inter alia, in relation to unusual price movements vis-a-vis preferential issue price and weak financials of the company. In addition to aforesaid, trading Members are also aware that the Exchange had suspended trading in the securities of various companies on account of surveillance reasons; BSE said in a notice dated March 4, 2016. CLICK HERE TO READ NOTICE.
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