BSE to shift 81 cos to restricted trade segment from Nov 8

To ensure market safety and safeguard the interest of investors, BSE today decided to transfer shares of as many as 81 companies to the restricted trade category from November 8.
The stocks to be moved to the restricted segment -- T or XT group -- include Accel Transmatic, Agio Paper & Industries, DCM Financial Services, Ducon Infratechnologies, Indo City Infotech, Uday Jewellery Industries and Women Networks.
Under the T or XT group category, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
In a circular, BSE has asked trading members to take adequate precaution while trading in these 87 scrips as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed.

The move is part of surveillance review to ensure market safety and safeguard the interest of investors.
Furthermore, the bourse said the "transfer of security 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 will attract a price band of 5 per cent, which will be the maximum permissible limit within which the share price can move.
Besides, BSE has identified 244 companies whose securities will continue to remain under the restricted category. It also said 77 other companies are eligible for T-Group, but they are currently are in P, Z and ZP Group.

(REOPEN DCM 79)
In a separate circular, NSE said that it will transfer scrips of 18 companies to the restricted trade category from November 8.
Among the companies are Agri-Tech (India) Ltd, Century Extrusions, Farmax India, Gujarat Lease Financing, Radaan Mediaworks India, Prime Securities and Norben Tea & Exports.
Besides, it has identified another 76 companies, whose shares will continue to remain in the restricted trade segment.