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Listed companies - illquid script

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 April 2013 Dear Sir,
We are listed on NSE & BSE our share have been put under CALL AUCTION Mechanism and companies shares are stop from tradeing.

My Query is:
1) What is CALL AUCTION Mechanism?
2) What is the purpose of Mechanism?
3) What is the maxmimum period for the Mechanism?

I'll be waiting for your ans.
Thanks
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CS M.Kurtrala Nathan

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CS M.Kurtrala Nathan (Expert)
12 April 2013 In the securities market, this procedure replaces the method of continuously matching orders. Buyers set a maximum price at which they will buy the shares and sellers set a minimum price at which they are willing to sell the stock shares. Advantages of call auctions include a decrease in price instability.



Purpose is to prevent the price manipulation.
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