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United Spirits, MCX Scrips to be Shifted from Group A

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New Delhi:  Leading stock exchange BSE will shift three scrips-- United Spirits, MCX and Financial Technologies-- from 'Group A' category, comprising top 300 companies, from next week.

As part of the periodic review, BSE would transfer scrips of these companies from 'Group A' to 'Group B' companies with effect from October 7 this year, the exchange said in a circular.

Besides, as many as 105 companies including Just Dial, TVS Motors, SKS Microfinance, India Cements, PTC India, Godrej Properties and NIIT Technologies will be shifted to 'Group A' segment from 'Group B'.

BSE has classified equity scrips into categories such as Group A, Group B, Group T, among others, to provide a guidance to the investors.

Group A is the most tracked segment consisting of about 300 scrips while Group B consists of more than 3,000 stocks.

The classification is based on several factors like market capitalisation, trading volumes and numbers, track records, profits, dividends, shareholding patterns and some qualitative aspects.

Among other stocks which would be transferred to Group A are GVK Power & Infrastructure, Punj LLoyd, Ceat, BEML , Indiabulls Power, Fortis Healthcare and SJVN.

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