PTI
New Delhi
Leading stock exchanges BSE and NSE will next week shift a total of 25 companies to the restricted trading segment to ensure safety of investors in the capital markets.
BSE said it would be shifting scrips of 19 firms to the trade-to-trade or the 'T' group segment, while National Stock exchange (NSE) has decided to move stocks of six companies to this category, the bourses said in separate notices.
The stocks would be transferred to the restricted trade segment with effect from October 7.
The scrips to be moved to the 'T' group on both the bourses include Cambridge Technology Enterprises, Dynacons Technologies, Euro Multivision, Farmax India, FCS Software Solutions and Rasoya Proteins.
Under the trade-to-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The move is part of a surveillance review and with a view to ensure market safety and safeguard the interest of investors, the exchanges said.
The bourses have asked trading members "to take adequate precaution" while trading in these scrips as "the settlement will be done on trade-to-trade basis and no netting off will be allowed."
These stocks would attract a price band of 5 per cent, which would be the maximum permissible limit within which the share price can move.
