Problems in trading t2t group stocks

[srinivas.nukala]

Kindly let me know the various problems in trading t2t group stocks
thank you

 

[vasa1]

Kindly let me know the various problems in trading t2t group stocks
thank you

Buying will be cash-based and selling will be delivery-based.

Suppose stock X is in T2T. If you buy 50, you must pay for the 50. These 50 will be credited to you following standard T+2 settlement procedure.

You can't then sell the same 50 the same day and expect to get your money back the same day. It will not be allowed.

If you do have 50 in your demat you can sell the same day but your demat will be debited as is the case for a standard delivery-based sale.

Needless to say, the brokerage charges will be for delivery.

A stock is placed in T2T if the exchange suspects hanky panky such as circular trades or unusual price movements or abnormal volumes.

Some stocks such as Kernex spend a lot of time in the T2T jail. One of my favourites, Tata Metaliks, is going there tomorrow ...

 

[balraj167]

Hi Vasa,

In short we can not trade for day trading or BTST.

Regards

 

[vasa1]

Hi Vasa,

In short we can not trade for day trading or BTST.

Regards

BTST may be possible but you must check first with your broker and get a clear green signal from him.

 

[srinivas.nukala]

Buying will be cash-based and selling will be delivery-based.

Suppose stock X is in T2T. If you buy 50, you must pay for the 50. These 50 will be credited to you following standard T+2 settlement procedure.

You can't then sell the same 50 the same day and expect to get your money back the same day. It will not be allowed.

If you do have 50 in your demat you can sell the same day but your demat will be debited as is the case for a standard delivery-based sale.

Needless to say, the brokerage charges will be for delivery.

A stock is placed in T2T if the exchange suspects hanky panky such as circular trades or unusual price movements or abnormal volumes.

Some stocks such as Kernex spend a lot of time in the T2T jail. One of my favourites, Tata Metaliks, is going there tomorrow ...

Thank you very much for giving me this info.
Also i've observed that some t2t group stocks always fall in the circuit either up/down.How to buy them or sell them then?

 

[vasa1]

.....
Also i've observed that some t2t group stocks always fall in the circuit either up/down.How to buy them or sell them then?

This is true not just for T2T stocks. There are times when stocks which are not in T2T but which are in regular rolling settlement also do as you observe.

First, if you want to buy a stock which has hit the upper circuit, you place your order at the maximum price and wait. Trading does take place. Some guy sells and the first in line buyer get his share.

Same is true for lower circuit.