The stock exchanges BSE and NSE have asked investors to be cautious while trading in over 300 ‘sedentary’ shares. ‘Illiquid (sedentary) shares are those stocks which have a limited turnover, due to which they cannot be easily sold. Trading in such stocks is risky for investors, as it is difficult to find buyers for them.
Both the BSE and the National Stock Exchange (NSE) issued similar circulars on Wednesday asking members to conduct additional investigations when trading in such shares for themselves or on behalf of their clients. BSE and NSE have released a list of 299 and 13 liquid shares respectively.
BASE sedentary stocks
The list released by BSE included Garware Marine Industries Ltd., Mefcom Capital Markets Ltd., Ekam Leasing & Finance Company, Maruti Security Ltd., Bangalore Fort Farms Ltd., Gujarat Investa Ltd., Golcha Global Finance Ltd., Vertex Securities Ltd., Munoth Financial Services Ltd. And Indo Asia Finance.
These are included in the list of NSE
The list released by NSE includes BKM Industries, BSEL Infrastructure Realty, Creative Eye, Eurotex Industries & Exports, Grand Foundry, GTN Textiles and Hotel Rugby.
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