New entrants to ‘T’ group scalded
A total of 85 stocks are to be transferred to ‘T’ group from 12 January 2007 to safeguard interest of investors.
Shares in the trade-to-trade (T2T) group hae to be mandatorily delivered, thus denying trading opportunity to day traders. As a result, the daily volumes on these counters dry down.
Hence, these shares generally drift lower prior to be shifted to ‘T’ group, due to operator unwinding.
Garnet International (down 5% to Rs 64.45), UT (down 8% to Rs 60), KLG Systel (down 5% to Rs 329.50), Fortis Financial Services (down 5% to Rs 116.15), Jagsonpal Pharmaceuticals (down 2.71% to Rs 21.55), Kojam Fininvest (down 2.36% to Rs 188.55), LML (down 2.43% to Rs 12.45) and Suven Life Sciences (down 1.45% to Rs 135.50), SQL Star International (down 0.33% to Rs 46), Sumeet Industries (down 5% to Rs 19.05), Isibars (down 3.92% to Rs 14.70) and Excel Glasses (down 5.27% to Rs 8.80) were the losers.
Shares in the trade-to-trade (T2T) group hae to be mandatorily delivered, thus denying trading opportunity to day traders. As a result, the daily volumes on these counters dry down.
Hence, these shares generally drift lower prior to be shifted to ‘T’ group, due to operator unwinding.
Garnet International (down 5% to Rs 64.45), UT (down 8% to Rs 60), KLG Systel (down 5% to Rs 329.50), Fortis Financial Services (down 5% to Rs 116.15), Jagsonpal Pharmaceuticals (down 2.71% to Rs 21.55), Kojam Fininvest (down 2.36% to Rs 188.55), LML (down 2.43% to Rs 12.45) and Suven Life Sciences (down 1.45% to Rs 135.50), SQL Star International (down 0.33% to Rs 46), Sumeet Industries (down 5% to Rs 19.05), Isibars (down 3.92% to Rs 14.70) and Excel Glasses (down 5.27% to Rs 8.80) were the losers.
posted by SY at 4:08 PM
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