Financial Daily from THE HINDU group of publications
Saturday, Sep 13, 2003
Financial Daily from THE HINDU group of publications Saturday, Sep 13, 2003 |
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Markets
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Stocks BSE makes changes in A group stocks Our Bureau
Mumbai , Sept. 12 AFTER shifting over 600 companies stocks in the Z category, BSE has decided to make changes in the A group stocks. The exchange in a statement on Friday said that it is shifting 22 companies' stocks including some banking stocks such as Canara Bank, Dena Bank and I-flex from B1 to A group, from November 3. Similarly, 20 stocks in A group, including Bata India, LML and SSI Ltd would move to B1 group from that date. Some of the other stocks in B1 group being shifted to A group, include Alfa Laval, Godrej Consumer, IndusInd Bank, Jindal Iron, Jindal Strips, Punjab National Bank, Sterlite, Tata Infotech and Union Bank, the release said. The prominent stocks being moved from A group to B1 group include German Remedies, ITI Ltd, Mukta Arts, Tata Telecom and Zensar Technologies. On the BSE move to make changes in the A group, stock brokers said this is not likely to have any impact on the trading pattern or stock price. They said A group had importance when the Badla (or carry forward) trading used to take place as stocks in this group were only allowed to have badla trading.
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