Illiquid Stocks at NSE and BSE named by the stock exchanges are as appended below
Aventis Pharma, Wyeth, Hind National Glass, Responsive Industries from the mid-cap and Sutlej Textiles, Suashish Diamonds, Warren Tea, Kanoria Chemicals, Borosil Glass Works and Bhansali Engineering Polymers from the small-cap index are among the illiquid stocks named by the exchanges.
Some stocks such as Scooters India, Jolly Boards, Marathon Next Realty, Chettinad Cement and Exedy India are illiquid due to low free-float. The promoters hold more than 88 per cent stake each in these companies. These companies may be good as at some point of time we were invested in Chettinad cement and made good profit. So applying the yardstick of low float may be taken in another manner that promoters have more faith in their company and they do not want to part profit with shareholders.
As a thumb rule avoid trading in illiquid stocks as one may get struck when one wants liquidity in life. Keep visiting our website to get best stock advisory tips which are available free of cost for you with timely and daily updated newsletter.
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