BSE imposes volatility margins

The Bombay Stock Exchange (BSE) has imposed additional volatility margins on the net outstanding purchase positions of the following stocks on Tuesday. The BSE move follows sustained rise in the prices of these shares. The scrips are ACC (5%), Alfa Laval (20), Aptech (5), Balaji Industrial Corporation (20), Bank of Baroda (20), Bank of Rajasthan (5), Bata India (5), Bausch and Lomb India (5), Bell South Enterprises (30), BFL Software (30), Bharat Bijlee (5), Blue Information Technology (5), BOC India (5), Bombay Oxygen Corporation (30), Cadbury India (5), Cipla (5), CMC (20), Corporation Bank (20), Cybertech Systems and Software (5), Dabur India (20), Digital Equipment India (20), Dr Reddy’s Laboratories (30), E Merck (India) (5), Esab India (5), Escorts (5), Essel Packaging (5), FDC (5) and Fujitsu ICIM (40). German Remedies (20), Global Telesystems (30), Grindwell Norton (5), Gujarat Fluorochemicals (5), HCL Infosystems (40), Hindustan Inks (30), Industrial Oxygen (5), InfotechEnterprises (5), Ion Exchange (India) (5), Ipca Laboratories (5), IPCL (5), ITW Signode India (5), JB Chemicals and Pharmaceuticals (5), JMC Projects (5), KLG Systel (30), Krebs Biochemicals (20), LML (5), Lakshmi Machine Works (30), Lupin Laboratories (5), Maars Software International (30), Madras Cements (20), MTNL (5), Mastek (40), Mirc Electronics (5), MRF (5), Nedungadi Bank (5), Nestle India (5), NIIT (5) and Novartis India (20). Onward Technologies (20), Orient Cerwool (5), Orient Information Technology (5), Parke Davis (20), Pentafour Communications (30), Pentafour Software and Exports (30), Philips India (20), PSI Data Systems (20), RS Software India (5), Rolta India (20), Satyam Computer Services (20), Shriram Honda Power (20), Sierra Optima (20), Silverline Industries (30), Software Solution (40), SBI (5), Sterlite Industries (5), Telco (5), Tata Infotech (5), Thermax (5), Thirumalai Chemicals (5), Titan Industries (5), Tube Investments of India (20), Vesuvius India (20), Videocon International (5),Voltas (5), VST Industries (20), VST Tillers Tractors (30), Wartsila NSD India (5), Wockhardt (5), Nile (5) and Raja Bahadur Motilal Poona Mills (20).Meanwhile, BSE has said all listed companies must make public financial results on a quarterly basis within one month of the expiry of the period and submit a copy of the same to the exchange effective from the quarter ended June 1998. BSE said Securities and Exchange Board of India (SEBI) has made publication of quarterly financial results a continuous disclosure requirement and hence listed companies should release quarterly statements even if the previous results were not available during the intervening period.