About 600 shares freeze on upper circuit on BSE
– World Affairs SRS
Exchange data showed that out of 3,666 stocks traded on the BSE, 592 were locked in upper circuit levels and there were no over the counter sellers.
63 per cent or 382 shares belong to the BSE X (157) and XT (225) groups. Equity securities of companies which are listed/traded only on BSE and fulfill certain criteria are classified into separate sub-sections namely “X” and “XT”. BSE said that at the time of review, any securities falling in the trade-for-trade segment (‘DT’ or ‘T’ groups) are classified under the “XT” sub-segment.
A total of 30 stocks of the S&P BSE Smallcap Index were closed in the upper circuit. The list includes Tata Teleservices (Maharashtra), Suzlon Energy, Zee Learn, Zee Media Corporation, 63 Moons Technologies, Arvind Smartspace, BGR Energy Systems, Nahar Spinning Mills and Rajratan Global Wire.
At 02:25 PM, the S&P BSE Smallcap and S&P BSE Midcap indices were trading flat with the Sensex down 0.91.
Five stocks – CSL Finance, Vardhman Holdings, Garment Mantra Lifestyle, GP Petroleums and ARRS Infrastructure Projects – are closed in the upper circuit of 20 per cent on the BSE. A total of 26 stocks are locked in the 10 per cent circuit, while 442 stocks are locked in the 5 per cent circuit on the BSE, as shown in the data.
In individual stocks, Nitin Spinners was frozen at Rs 290.50 in the upper circuit of 5 per cent. The stock of the textile company is trading near its record high of Rs 295 on August 3, 2021. Currently, the stock is traded under the T group, which represents securities settled on a trade-to-trade basis. a monitoring measure.
The stock has gained 101 per cent in the past six months, compared to a 13 per cent rise in the S&P BSE Sensex. The company is one of the leading manufacturers of Cotton and Blended Yarns, Woven Fabrics, Grease and Ready Woven Fabrics.
On December 30, 2021, the company’s board had approved the capacity expansion at a total project cost of Rs 950 crore. Nitin Spinners said the expansion is targeted to be completed in the next 20 months with an aim to strengthen the company’s market position and to take advantage of the growing market opportunities in the international as well as domestic markets.
The company further added that the Indian cotton industry is poised to take advantage of the improving demand across the globe and the China + supply chain strategy adopted by global majors.
|security group||upper circuit||lower circuit||Total|
|M / s||1||1||2|
this is an unedited and auto-generated supporting article of the syndicated news feed are actualy credit for owners of origin centers. intended only to inform and update you about Sakari naukri , result , UPSC , Exam Jobs etc. for Provides real or authentic news. also Original content may not have been modified or edited by Rojgar samachar team members.