BSE and NSE to keep nine companies under enhanced surveillance
DSIJ Intelligence / 28 Apr 2017
As part of efforts to safeguard interest of investors in the capital market, BSE and NSE will move nine companies to the restricted trading category, and keep them under enhanced surveillance from Friday.
As part of efforts to safeguard interest of investors in the capital market, BSE and NSE will move nine companies to the restricted trading category, and keep them under enhanced surveillance from Friday.
The shares of these companies would be moved to the trade-to-trade segment under Stage 1 of the Graded Surveillance Measure (GSM).
Firstly, the scrip is moved to the ‘trade for trade’ segment with the permitted price band of five per cent or lower as applicable.
The bourses will move Accel Frontline to Stage 1 of GSM. BSE alone would transfer Abhishek Infraventures, Bronze Trading, Chennai Meenakshi Multispecialty, Combat Drugs, Foundry Fuel Products, I-Power Solutions India, Regency Investments and Telecanor Global under the mechanism.
Both BSE and NSE have asked members to take adequate precaution. Meanwhile, trading in the shares of these firms will continue uninterrupted, as the settlement would be done on a trade-to-trade basis and no netting off would be allowed.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.