BSE imposes volatility margins

MUMBAI, July 14: The Bombay Stock Exchange BSE has imposed additional volatility margins on the net outstanding purchase positions of the ...

MUMBAI, July 14: The Bombay Stock Exchange BSE has imposed additional volatility margins on the net outstanding purchase positions of the following stocks on Tuesday. The BSE move follows sustained rise in the prices of these shares.

The scrips are: ACC 5 per cent, Alfa Laval 20, Aptech 5, Balaji Industrial Corporation 20, Bank of Baroda 20, Bank of Rajasthan 5, Bata India 5, Bausch amp; Lomb India 5, Bell South Enterprises 30, BFL Software 30, Bharat Bijlee 5, Blue Information Technology 5, BOC India 5, Bombay Oxygen Corporation 30, Cadbury India 5, Cipla 5, CMC 20, Corporation Bank 20, Cybertech Systems amp; Software 5, Dabur India 20, Digital Equipment India 20, Dr Reddy8217;s Laboratories 30, E Merck India 5, Esab India 5, Escorts 5, Essel Packaging 5, FDC 5 and Fujitsu ICIM 40.

German Remedies 20, Global Telesystems 30, Grindwell Norton 5, Gujarat Fluorochemicals 5, HCL Infosystems 40, Hindustan Inks 30, Industrial Oxygen 5, InfotechEnterprises 5, Ion Exchange India 5, Ipca Laboratories 5, IPCL 5, ITW Signode India 5, JB Chemicals amp; Pharmaceuticals 5, JMC Projects 5, KLG Systel 30, Krebs Biochemicals 20, LML 5, Lakshmi Machine Works 30, Lupin Laboratories 5, Maars Software International 30, Madras Cements 20, MTNL 5, Mastek 40, Mirc Electronics 5, MRF 5, Nedungadi Bank 5, Nestle India 5, NIIT 5 and Novartis India 20.

Onward Technologies 20, Orient Cerwool 5, Orient Information Technology 5, Parke Davis 20, Pentafour Communications 30, Pentafour Software amp; Exports 30, Philips India 20, PSI Data Systems 20, RS Software India 5, Rolta India 20, Satyam Computer Services 20, Shriram Honda Power 20, Sierra Optima 20, Silverline Industries 30, Software Solution 40, SBI 5, Sterlite Industries 5, Telco 5, Tata Infotech 5, Thermax 5, Thirumalai Chemicals 5, Titan Industries 5, Tube Investments of India 20, Vesuvius India 20, Videocon International 5,Voltas 5, VST Industries 20, VST Tillers Tractors 30, Wartsila NSD India 5, Wockhardt 5, Nile 5 and Raja Bahadur Motilal Poona Mills 20.Meanwhile, BSE has said all listed companies must make public financial results on a quarterly basis within one month of the expiry of the period and submit a copy of the same to the exchange effective from the quarter ended June 1998.

BSE said Securities and Exchange Board of India SEBI has made publication of quarterly financial results a continuous disclosure requirement and hence listed companies should release quarterly statements even if the previous results were not available during the intervening period.