Thread on 3 stocks - Balaji Amines, Thyrocare and Sterlite Technologies (Disc : no position in any of them) being added into watchlist.
Exchanges regularly update the stocks watchlist who come frequently on SMS. It did so last night and included these 3.
bseindia.com/downloads1/Cur…
The stocks are added into the watchlist only as a Cautionary measure to investors.
Most such stocks are "shady" and SMSes on WA & TG/messages on social media are floated to the advantage of operators and at the expense of gullible investors.
However, exchange do not put any limitation on the buying and selling of such securities.
The various surveillance measure (ASM, GSM, T2T etc) are there to warn retail about any sharp run up of stock price on either side.
Many brokers put these stocks on watchlist and flash warnings on trading terminals if you try and buy them. However, it is unlikely that any broker will stop you in selling them (fully or partially)
It has been reported that one of the broker has put a 1L limit to sell 1 or more of these stocks today (though I have no official confirmation). In my opinion, this may have happen inadvertently, if at all and likely to reverse.
As a client, you have the full right to sell your holdings to a willing buyer at fair market price.
So in case you hold any of them or faced any issue in selling these securities today, get in touch with your broker to clarify
Unfortunately many get cheated out of their hard earned money to such false tips/sms. Ignorance and greed are equally to be blamed. That's why the watchlist is created by the exchanges to inform about any such activity.
PS : This is my view, open to any other interpretation.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.