 "Fewer takers for smaller companies' shares amid the Covid-19 crisis")
An increasing number of listed companies, many with market capitalisation of less than Rs 10 crore, have seen their shares declared illiquid as trades dried up amid the Covid-19 pandemic.
A total of 423 stocks have been declared illiquid in the June quarter. The number was 340 in June 2019, and 223 in June 2018.
A stock is considered illiquid if the average daily value of shares changing hands is less than Rs 2 lakh over the previous six months, according to a note on the BSE website.
This excludes companies where the value of all shares taken together (or
