Healthy life is in the MT series of BSE, I found some info on their website... Can someone explain what the following lines mean... Iam extremely confused🧐
Shortages : Shortages in respect of "M" group scrips would be auctioned and those of "MT" group would be directly closed-out. Settlement : The BSE SME scrips which are listed under the "M" group (trading and clearing & settlement is done on a net basis) and those listed under "MT" group (trading and clearing & settlement done on gross basis).
very simple - In M group shares, jobbing allowed ---means if u purchase 5000 shares and sell 3000 shares u will get delivery of 2000 shares and vice-versa. In MT group, trades are settled on Delivery Basis ( jobbing can be done but trades of buying and selling settled on delivery basis). In the above example ,u will get delivery of 5000 shares and simultaneously u have to give delivery of 3000 shares. Hope now clear
In MT or any T Group scrip, If anyone is not able to deliver shares on time, then it is automatically closed out @ mostly 20% above selling price.Benefit of difference amount is given to purchaser. Means Selling party would be debited and Purchasing party would be given credit for the same amount.This is called Closed-Out. Thanks
Same problem , I am facing in Axis Direct. I have sent a mail to helpdesk@axisdirect.in and reply is awaited. I have taken up with Axis Securities Chennai officials. If your problem is resolved, then inform how.
232.5. IProfitO| Link| Bookmark|
July 29, 2022 1:40:51 PM
Top Contributor (200+ Posts, 100+ Likes)
Yes morning I had problem selling then just called to axis direct .Just call axis direct and select option 1 and then 1. They will sell from back end .
232.6. Earthking| Link| Bookmark|
July 29, 2022 9:52:09 PM
IPO Guru (1300+ Posts, 500+ Likes)
Even I wrote mail yesterday to axisdirect email id and called their cust care... They asked me to wait for two days ... Hope by Monday some solution happens... My another prob is its my brother account and he doesn't have knowledge abt the same
232.7. Earthking| Link| Bookmark|
August 5, 2022 1:46:56 AM
IPO Guru (1300+ Posts, 500+ Likes)
Even till today no solution ... i called and tried selling even they are not able to do from their side ... pathetic .... these guys replied me saying no issue from their side ,suggested me to clear cookies and chk, if still persist call and sell ... but nothing worked till now ... did any of you able to sell guys ???
after 10 days from listing days the circuit limit change.
232.12. Earthking| Link| Bookmark|
August 5, 2022 4:31:26 PM
IPO Guru (1300+ Posts, 500+ Likes)
Finally one person in on call support sold from back end ... So axis direct tension over... In hdfc sec from my account bought one lot @9.22 yesterday...
29 lac out of the possible 100L have been traded today.... That's a huge percentage.
I think the market makers are purposely trying to keep it in the 10.30's so that people who want an exit, get one at minimum profits... After this selling is over, this stock will see a huge upside.
It may even end up becoming a multibagger in due course. 🤞🏻
Almost 22-25% 9f the total lots have exchanged hands... I think most, if not all retailers have exited the scrip... Now the sharks will make it pump in the coming week.
We may maximum have one more weak day, but then there is no way but up📈
No not yet, the hope for decent returns is still on. I can hold it for a few months, if it takes to make a decent return.
223.3. arvindarvind| Link| Bookmark|
July 29, 2022 12:05:39 PM
Top Contributor (1000+ Posts, 200+ Likes)
I agree. I think out of 500 retail lot mostly are sold now. Who have buy i thik they are not retailers, they may be operation. So game may be start today itself or Monday. Expert views are welcome.