BSE shifts 74 stocks on trading settlement; shares down

The Bombay Stock Exchange (BSE) will shift 74 stocks to trade-to-trade (T2T) group with effect from August 31.

"As a part of surveillance measure the exchange transfers various scrips for settlement on a T2T basis. The BSE will shift 74 stocks to theT2T segment effective from August 31, 2012," the exchange said in a notice dated August 27, 2012.

"As a part of surveillance measure the exchange transfers various scrips for settlement on a Trade-to-Trade basis. The said action is reviewed at periodic intervals (fortnightly & quarterly) based on market capitalization, price earnings ratio, price variation vis-à-vis the market movement, volatility, volume variation, client concentration and number of non promoter shareholders etc," the BSE said in release.

Among the stocks which got affected includes SKS Microfinance plunged 10.57% to Rs 107, Fame India dropped 10% at Rs 47, Wockhardt tanked 6% at Rs 1,135 and HeidelbergCement India down 2.86% at Rs 40.75 on the BSE at 11.40 am IST.

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