SMS scrips investors may see delayed payouts as exchanges up surveillance

45 stocks under watch after reports of unauthorized trading tips being exchanged on messaging platforms

Investors may have to wait a year to get payment from sales of the stocks that are under the regulator’s gaze because of the manner in which they were sought to be perked up. The exchanges have put 45 such stocks on the list. They include Indian Railway Catering and Tourism Corporation (IRCTC), Edelweiss Financial Services, Adani Gas, and IRB Infra.

The exchanges have stepped up their surveillance and payouts will be made after only investigating the parties that deal in those stocks.

For such “SMS stocks”, wide-ranging trading tips were circulated between June and August on social media platforms, including WhatsApp