The number of illiquid securities has gone higher at both BSE and NSE from the month-ago level. BSE had listed out a total of 1,814 illiquid stocks, while there were total 204 such securities at NSE last month
Mumbai: India's top two stock exchanges the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Thursday asked marketmen to be extra careful about trade in over 1,900 securities, sensing a high-level of risk in executing trade on these counters, reports PTI.
While most of these securities are little known, there are also stocks of some well-known companies such as Asian Hotels, IRCON International, Arrow Textiles, AstraZeneca Pharma India, Celebrity Fashions, Cyber Media, EIH Associated Hotels, Mukta Arts and Zodiac Clothing Company.
In separate circulars issued yesterday, the BSE and NSE released lists of securities found to be "illiquid" on their platforms and asked the marketmen "to exercise additional due diligence while trading in these securities either on own account or on behalf of their clients".
While BSE listed out as many as 1,907 securities in its list of 'illiquid securities', the NSE found 237 such securities being traded on its platform. There are many stocks that are common on both the lists.
While more than 7,500 securities are listed on the BSE, the total number of listed securities at NSE is much lower at about 2,300.
The Securities and Exchange Board of India (SEBI) has directed the two exchanges to draw up a list of illiquid securities every month based on criteria jointly decided by SEBI, NSE and BSE.
The number of illiquid securities has gone higher at both BSE and NSE from the month-ago level. BSE had listed out a total of 1,814 illiquid stocks, while there were total 204 such securities at NSE last month.
Such stocks are identified on the basis of their liquidity being very low, thus enhancing the risks for the investors in finding buyers or sellers. The illiquid stocks are traded infrequently and any large deals in these stocks can cause huge fluctuations in their prices.
Those termed as illiquid stocks this month include Advani Hotels & Resorts, Alfa Laval India, Batliboi, Chemfab Alkalis, Chettinad Cement, Cinevistaas, Creative Eye, Cambridge Technology and Deccan Cements.
There are also names like Emkay Global Financial Services, Gokaldas Exports, Gujarat State Financial Corp, Heritage Foods Kalyani Forge, Uniply Industries, Kinetic Engineering, Kirloskar Industries, Oriental Hotels, Salora International and Mysore Petrochemicals.
The new flip pack commercial is crazy and bizarre. But it does not deviate from its main brand theme and sticks to the core values, even as it tactically highlights the new variant
Happydent White has undoubtedly latched on to a good idea. The chewing gum promises bright, shiny teeth… shiny enough to light up an entire neighbourhood.
Its award-winning brand advertising has been the talk of the ad world for some time now. Of course, this is exaggeration taken to mad levels, but it works in this case. Because no one takes either the chewing gum or its promise to heart. But the phenomenally wild ads ensure two things happen: One, some delightfully funny advertising gets created. And two, good brand recall is generated at comparatively lower ad spends.
Well, now they have launched the Happydent White flip pack (much like a cigarette pack). And the new TV commercial takes the madness into outer space. This time, the good ol' moon is the protagonist. The TV commercial only features voices of a group of youngsters; you don't get to see them. It's a night sky and we get a panoramic view of the animated full moon. The kids decide to have some masti, and discover that by opening and shutting the flip pack, they are able to switch the moon 'on' and 'off'! Like an electric bulb. So the chandrama keeps appearing and disappearing, as the flip-pack mischief continues.
Finally, Uncle Moon gets bored of the proceedings, starts yawning, gets mighty annoyed, and demands that the naughty bunch make up their minds-that they should either keep him in the 'on' or 'off' mode. One of the wicked girls decides to turn the moon 'off' for good, and it vanishes into the night sky. The voiceover says: "Happydent: Light ka nayaa switch".
Absolutely crazy and bizarre advertising, but it will get quickly noticed by the young target consumers, which is the key job of the ad. Also, the communication does not deviate from its main brand theme, and sticks to the core values and brand personality, even as it tactically highlights the new flip pack variant. So, all said, a good show. No one takes the Happydent advertising seriously, and exactly therein lies the reason for the brand's success.
One niggling question remains, however. Quite strangely, the moon speaks in a Madrasi accent. Why must that be so? Do the advertiser and its agency believe the southie accent is funny? Well, let's hope our Tam Bram pals are amused as well and don't get 'switched off' by the
Addressing chief secretaries of states, Manmohan Singh said that though the economy has been on a high growth trajectory for the past few years, inflation posed a "serious threat to the growth momentum"
New Delhi: Admitting that inflation posed a serious threat to the growth momentum affecting the poor and vulnerable sections, prime minister Manmohan Singh today favoured waiving mandi, octroi and local taxes, which impede the smooth movement of essential commodities, reports PTI.
Addressing chief secretaries of states, Mr Singh said that though the economy has been on a high growth trajectory for the past few years, inflation posed a "serious threat to the growth momentum".
"There seems to be a strong case for waiving mandi taxes, octroi and local taxes, which impede the smooth movement of essential commodities," he told the top bureaucrats.
He said there was a need for a "paradigm shift" in the institutional arrangements for improving the availability of various commodities to meet the higher levels of domestic consumption.
Referring to the internal security situation, he said it was "tense in some parts of our country".
He said there has been an unacceptably high level of violence in areas affected by Left-wing extremism and in the Kashmir Valley.
Mr Singh also said that serious concern had been expressed in many responsible circles about the "lack of ethical conduct and probity in our public life".
The prime minister said though major anti-poverty programmes have achieved considerable success, the "quality of delivery of service has not been always as good as it could be, as it should be".