Gaps in SME stocks, 1134 points crash in the index

-


SEBI in action to curb rampant speculation: Trade for trade, ASM surveillance measures

MUMBAI: Seeing that the ongoing game of tricking gullible retail investors by washing their hands in the flowing Ganges is finally getting too much, capital market regulator Securities and Exchange Board of India (SEBI) has swung into action and reined in unbridled speculation in the SME IPO segment. . In the wake of SEBI's welcome decisions on measures including surveillance, trade to trade, circuit limits for the SME segment as well, many SME stocks were hit today amid a flurry of unbridled speculators in the SME segment. The BSE SME IPO index today fell by 3.17 percent or 1133.58 points to the level of 34631.12.

As short-term price appreciation in SME IPOs is not in the interest of investors and the market, SEBA along with the exchanges have introduced a trade-for-trade settlement framework and short-term additional surveillance measures like the mainboard in this segment as well - Addition Surveillance Measure (ASM) for Small and Medium Enterprises (SME) stocks. But the decision to implement it was announced yesterday. These new regulatory measures will come into effect from October 3. The TFT-trade-for-trade and ASM framework, along with other existing surveillance measures implemented by the exchanges from time to time, will now be implemented for SME stocks subject to some modifications, NSE said in separate circulars.

These moves by SEBI, exchanges led to a flurry among financiers, players who stormed SMI stocks today. Along with this, in the temptation of earning a fortune in a short period of time, many stocks crashed as those who staked capital in SME stocks rushed to offload the stocks at high prices in panic.

The National Stock Exchange (NSE) Emerge platform witnessed a broad rally in SME stocks today. Out of 204 companies listed in NSE Emerge Market, the prices of 130 stocks tumbled today, while the prices of 32 stocks remained stable while the prices of 42 stocks closed positive. On the NSE Emerge platform, SSSL fell 9.98 percent, with a number of other stocks falling more than 9 percent. With this, the prices of many stocks fell by more than five percent. Along with this, the share prices of many companies listed on the NSE Emerge and BSE SME platform, which had shown an extraordinary surge at the time of listing, were seen falling by 25 to 50 percent from their fifty-two week high.

So far 455 companies are listed on BSE SME platform. Out of which 152 companies traded today, the prices of 99 companies fell, while the prices of 46 companies remained positive and the prices of 7 companies remained stable. Out of the scrip-stocks included in the BSE SME IPO index, 44 stocks lost their prices in this rush today. While only 21 stocks remained positive. Apart from this, the prices of many stocks were seen falling. After capital market regulator Sebi tightened the reins on SME stocks, panic selling was seen increasing as the IT department cracked down on gangs active in flooding SME IPOs and causing trouble in listings. There was an uproar among the players.

What is the price of stocks in BSE SME Index?

Company Name

share price

reduce

-

( 26 , Sep.)

in percent

Earthstohl Limited

Rs.54

-12.90%

Alcosine

Rs.114.25

-9.33%

Ashrafi Hospital

Rs.107.50

-6.15%

Trident Lifeline

Rs.178.50

-6.05%

Enter Innovatus.

Rs.31.15

-5.61%

Innokeys India

Rs.31.15

-5.32%

Comtrade Ltd.

Rs.150

-5.06%

Vfin solution

Rs.212.95

-5.00%

What is the price of stocks in the NSE Emerge Market?

Company Name

share price

reduce

-

( 26 Sep.)

in percent

SSFL

Rs.106.90

-9.98%

Sono Infratech Ltd.

Rs.67.45

-9.95%

Zeel Limited

Rs.178.10

-9.78%

Krishka strapping

Rs.205.20

-9.76%

Dental Cart Ltd.

Rs.386.90

-9.36%

AG Universal

Rs.59.25

-9.13%

Right Zone Chemcon

Rs.59.55

-9.08%

Why Yushanti Color?

Rs.63

-8.03%

Basil fly

Rs.286

-7.56%

GreenChef Appliances

Rs.107.30

-7.46%

CPC Shapers Ltd.

Rs.445

-6.78%

Yasons Chemex Care

Rs.29

-5.84%

Global Pet Industries

Rs.71.75

-5.72%

KN Agri Res.

Rs.127

-5.44%

Precision Metallics

Rs.43.10

-5.27%

Innovative Tires

Rs.7.50

-5.06%

Marvel Decor Ltd.

Rs.42.60

-5.02%

DuDigital Global

Rs.48.40

-5.00%

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more