In order to distinguish non-compliant companies from the ones which are put under the surveillance measure, the exchange had proposed creation of a new group. This will be a permanent group as the market is dynamic and at any one point of time, some company will be under the scanner of the exchange as a surveillance measure, which will be shifted to this group.
BSE has shifted thirty-three stocks to trade-to-trade (T) group with effect from Friday, June 10, 2011. Some of the names are Shalimar Paints, Sabero Organics, Vimta Labs, Store One Retail India, Cambridge Solutions, KDL Biotech and House of Pearl Fashions. As a result, many of these scrips were down 2-10%. Shalimar Paints, Sabero Organics and Store One India had rallied 45-144% in the past few trading sessions.
Another group is Z group in which when a company is shifted, it witnesses a fall in liquidity in that stock and trading volume takes a hit as every trade (buy/sell) ends in delivery and no netting of the position is allowed. The same principle is also applied to ‘T’ group.
As a word of caution off late we saw a number of free sms being floated to traders for buying in huge volume in Sabero Organics and thus do not fall prey to these free sms providers as they have a hdden agenda behind giving you free tips as they get paid for promoting these calls.
Do remember to get Free Tips on Stock market through our website as we provide corroborated and authentic information only to the readers which can be used as a basis for trading.
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