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Dropping Criteria :
Scrips satisfying criteria A, B, C or D Scrip as above are eligible for dropping from shifting to T2T segment base on following dropping criteria:
Newly listed scrips (IPO) and the securities which are made available for trading in Trade for Trade segment for the first 10 trading days with applicable price band, while keeping the price band open on the first day of trading as per SEBI circular bearing no SEBI/Cir/ISD/1/2010 dated September 2, 2010 shall be dropped till the time they declare their first Quarterly results.
Other Dropping Criteria
Dropping criteria is applied to securities satisfying criteria A, B, C or D with Mcap greater than bench mark capitalization:
The companies having record of paying dividends in last two years out of three years (in case a company has declared dividend/ bonus shares shall be excluded). Announcement made regarding declaration of dividend is taken into consideration as dividend paid.
OR
Scrips having Institutional holding of more than 20% on the latest available date will be excluded. (Institutional Holdings: FII + Domestic Financial Institutions + Foreign Banks & Government holding)
OR
Scrip having IPO and those scrips whose price band kept open on the first day of trading as per SEBI circular dated September 2, 2010 for price discovery - will be given benefit of the dropping criteria pertaining to past dividend record till such time it declare its first annual results.
Note
Scrips which are transferred to T2T settlement in immediate preceding fortnightly review of quarterly T2T review will not be considered for transferring from T2T.
Methodology of Calculation of Scrips PE
For the purpose of calculation of PE, summation of quarterly profit figures of latest four trailing quarters available with the Exchange out of last five financial quarters will be considered. If less than four trailing quarterly results are available then the profits shall be annualized for PE calculation.
Methodology of Calculation of Bench Market Capitalization
Market capitalization threshold shall be linked to the Sensex movement between December 1, 2003 (taking base as Rs. 200 Cr on Dec 01, 2003) and present quarterly relevant date, after rounding off to the nearest Rs. 50 Cr of higher of Sensex movement.
In case of commonly listed scrip higher of the two market capitalization will be considered.
Volatility is computed as standard deviation of log normal close to close returns.
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