New Share Price Movement Rule

[prince dagbolu]

Are members aware of the new rule that will not allow a stock broker to move the price of any stock upward or downward unless 100,000 Units or more of the stock are traded on the given day? I have been looking at it and think it is a good development. It should help bring sanity to the NSE. The way some stock have climbed up without any good reasons has always suprised me. Furthermore, any new coy listing stocks on the NSE will have to make 10% of their stocks available on the first day of listing. I think this is graet news for us. It means the stocks will be available to us.

[nwoyearoh]

Originally Posted by prince dagbolu

Are members aware of the new rule that will not allow a stock broker to move the price of any stock upward or downward unless 100,000 Units or more of the stock are traded on the given day? I have been looking at it and think it is a good development. It should help bring sanity to the NSE. The way some stock have climbed up without any good reasons has always suprised me. Furthermore, any new coy listing stocks on the NSE will have to make 10% of their stocks available on the first day of listing. I think this is graet news for us. It means the stocks will be available to us.

Yeah, and it is working!

What are the wider implications?

Will stocks with limited shares outstanding, which are having problems of capital appreciation (despite resonable EPS growth), resort to frenzied stock splits to marry their (improved) performance with the much sought after capital appreciation?

Should one target such stocks for the long term?