In continuation to various Surveillance measures already implemented, SEBI and Exchanges in a joint meeting have decided to levy minimum margin of 35% on the stocks (including stocks in derivatives segment) that satisfy the following criteria :

i.             Market Capitalisation is greater than Rs.1000 crores.

                                      AND

ii.         Pledged holding of the promoter accounts for more than 25% of the total number of the issued shares of the company, 

                                       AND

iii.        Concentration of Top 25 clients in trading during the last 30 days is 30% or more,

                                       AND

iv.         High – Low Price variation in the scrip in the last 3 months is greater than 40%.

The above surveillance measure is without prejudice to the right of SEBI and Exchanges to take any other surveillance measures, in any manner, on a case to case basis or holistically depending upon the situation and circumstances as may be warranted.

This circular is being issued by the Exchange as a surveillance measure with a view to ensure market safety & safeguard interest of investors.

In case of any clarifications, members may contact on following numbers 022 2272 5001 / 1717 / 5158.

The aforesaid Surveillance measure shall be implemented w.e.f. November 01, 2019.