Volumes Dip 43% In Scrips Under Rolling Settlement

Volumes in the 375 companies which went into rolling settlement mode on July 2 have dropped 43 per cent to an average of 3.44 crore shares a day, as against an average of 5.44 crore shares before it came into effect.

While earlier the daily average turnover of these scrips was Rs 1,073 crore, post-July 2 it has fallen to Rs 720 crore.

Within these 375 companies, the top 25 account for 90 per cent of the total volumes on the Bombay Stock Exchange. Incidentally, all the 25 scrips belong to the former A group.

As many as one-third of the 375 scrips are not traded regularly on the bourses. Total average volume of these 125 scrips dropped 96 per cent to a daily average of ten thousand shares as against an average of three lakh shares traded before these stocks went into rolling mode.

Out of these irregularly traded 125 scrips, 35 companies