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BSE to upgrade 11 shares to B1 group

The Bombay Stock Exchange on Thursday said it will shift11 stocks to a more liquid category of listed securities with effect from August 6.

India's oldest bourse said it would also shift 101 shares from the B1 group, comprising stocks with higher liquidity and greater traded volume, to B2 with relatively lower liquidity.

The stocks that move into B1 group are:

Aban Lloyd Chiles Offshore (ABAN.BO), oil drilling services, Fertiliser & Chemical Travancore, Garware Wall Ropes Ltd (GRWL.BO), IT&T Ltd (ITT.BO), KEC International Ltd (KECI.BO), Khoday India Ltd (KHDI.BO) National Mineral Development Corporation Ltd, Ployplex Corporation Ltd (PLPY.BO), Radico Khaitan Ltd (RADC.BO), Soffia Software Ltd (SOFF.BO) and Vorin Laboratories Ltd (VORL.BO).

India's oldest bourse said it would also shift 101 shares from the B1 group, comprising stocks with higher liquidity and greater traded volume, to B2 with relatively lower liquidity.

The BSE has nearly 5,700 listed stocks, which are divided into four categories based on liquidity and market capitalisation.

With the current changes, B1 group will have 650 stocks and B2 nearly 3,400.

The most actively traded 175 stocks are classified under A group while nearly 1,400 stocks are under Z category, which represents companies that do not fully comply with the listing norms and have large number of unresolved investor complaints.

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