DSE modifies specified list

This major change in the specified share list comes close on the heels of other major bourses deciding to change their A8217; group lists to improve turnover and liquidity.

The revamp follows a decision on Saturday by a committee of the DSE to drop inactive shares and include high volume scrips to shore up turnover in the exchange.

Choudhry, who heads the committee, said selection of new scrips were made on the basis of liquidity, track record and investors8217; interest in Delhi and other major bourses of the country where these were being traded heavily.

He said the change made in specifiedsection was the third in recent times. It had increased from 33 scrips to 58 and thereafter to 121 scrips practically covering almost all industry segments. 8220;With the induction of these new heavily traded shares, the turnover of the exchange would go up manifold,8221; Choudhry said but clarified that the new scrips would not add to the weightage of the DSE Sensitive Index.

He said shares like Zee Telefilms, Cochin Refineries, Dabur India, Rolta India, Punjab Tractors, Thermax and Wartsila NSD were promoted to specified section in view of hectic trading and rising value in day-to-day trading.

Others included in the specified section, Pentafour Software, Cadbury, Britannia Industries, Smithkline Beecham Pharma, BFL Software, Wockhardt, Wipro and Orchid Chemicals, are highly active on the BSE and NSE.

Scrips removed from the list are: DCM Ltd, JCT Ltd., UTI Masterplus, UTI Mastergain, Essar Shipping, CESC, Orkay, BOC India, Nicholas Piramal, Sesa Goa, Ceat, ICI, Jayshree Tea, Cipla and HindustanMotors.

Choudhry said the exchange also added nine more shares in the list of badla trading from next settlement beginning on September 19, taking the badla list at DSE to 40. The new shares are: Pentafour Software, Zee Telefilms, BHEL, Software Solution, Carrier Aircon, Hero Honda, NIIT, Infosys Tech and Bata India.