Technical view by Nooresh on Sensex/Stocks/Commodities

---

SEBI – Rationalization of Periodic Call Auction for Illiquid Scrips. Posted: 19 Dec 2013 09:28 AM PST We had been writing about how Period Call Auction for Illiquid Scrips was anti investor in this article http://www.nooreshtech.co.in/2013/04/periodic-call-auctions-for-illiquid-stocks-sebi-anti-investor.html    Even had put up my view when asked by Economic Times in this article   Many articles, protests, complaints and finally SEBI has almost pulled out the periodic call auction.   Can see the full document here    The major clause modification which makes most of the stocks from illiquid to liquid are as below.   b) Of the scrips identified as per above criteria, scrips which satisfy any of the following conditions shall be excluded.   Scrips with average market capitalization more than Rs.10Cr. ii. Scrips where company is paying dividend in at least two out of last three years. iii. Scrips where company is profitable in at least 2 out of last 3 years, and not more than 20% of promoters shareholding is pledged in the latest quarter and book value is 3 times or more than the face value.   Can check the full document    Rationalization of Periodic Call Auction for Illiquid Scrips. Rationalization of Periodic Call Auction for Illiquid Scrips. SEBI from Nooresh Merani   Hopefully now majority of the 2300 stocks come back into the liquid segment and out of PCAS jail.       Book Recommendation   Continuing with the book recommendations as in previous posts and to get some e vouchers as an affiliate below are a couple of books am looking forward to read. Already ordered the checklist manifesto by Atul Gawande and next in list is Thinking Fast and Slow by Daniel Kahnemann     Thanks and Regards, Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech nooreshtech@analyseindia.com SEBI – Rationalization of Periodic Call Auction for Illiquid Scrips. is a post from: Technical view by Nooresh Related posts: Periodic Call Auctions For Illiquid Stocks – SEBI – Anti Investor SEBI busts Stock Manipulating Network — After our article on Jaybharat Textiles/Ushdev Farmax Retail – Another classic Pump and Dump – Sebi seems to be sleeping.

You are subscribed to email updates from Technical view by Nooresh To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610