BSE to shift United Spirits, MCX scrips out of Group A
The exchange will transfer the scrips of United Spirits, MCX and FTIL from 'Group A' to the 'Group B' category with effect from 7 October
New Delhi: The Bombay Stock Exchange (BSE) will shift three scrips—those of United Spirits Ltd, Multi Commodity Exchange of India Ltd (MCX) and Financial Technologies (India) Ltd—from “Group A" category, comprising top 300 companies, from next week.
As part of the periodic review, BSE will transfer scrips of these companies from “Group A" to “Group B" companies with effect from 7 October, the exchange said in a circular.
Additionally, as many as 105 companies including Just Dial Ltd, TVS Motor Co. Ltd, SKS Microfinance Ltd, India Cements Ltd, PTC India Ltd, Godrej Properties Ltd and NIIT Technologies Ltd will be shifted to the “Group A" segment from “Group B".
BSE has classified equity scrips into categories such as Group A, Group B, Group T, among others, to provide a guidance to investors.
Group A is the most tracked segment consisting of about 300 scrips, while Group B consists of more than 3,000 stocks. The classification is based on several factors, including market capitalization, trading volumes and numbers, track records, profits, dividends, shareholding patterns and some qualitative aspects.
Among other stocks that are to be transferred to Group A are GVK Power and Infrastructure Ltd, Punj LLoyd Ltd, Ceat Ltd, BEML Ltd, Indiabulls Power Ltd, Fortis Healthcare Ltd and SJVN Ltd.
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