Cranes Software, three others suspended by NSE
Sunday, August 29, 2021 2:54 PM

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Our Bureau

Chennai, Aug. 29

The NSE has suspended Ambica Agarbathies & Aroma Industries, Cranes Software International (OOTC:SWII) , Steel Tubes of India and Blue Bird (India).

The suspension would take effect from September 3.

Ambica Agarbathies, Cranes Software and Steel Tubes were suspended due to non-submission of financial results for the period ended March 31, 2010, while Blue Bird was suspended due to non-submission of corporate governance report for the period ended June 30, 2010, the NSE circular said.

Steel Tubes has been suspended by the BSE since May 19, 2004. According to the BSE, the company was suspended on account of non-payment of annual listing fees for 2003-04.

All these stocks have been witnessing high deliverable ratio on the NSE, indicating long-term accumulation. Ambica Agarbathies average deliverable ratio during the last 90 days stood at 71 per cent and witnessed an average volume of 15,000 shares. The average deliverable ratio is 80 per cent for Steel Tubes and 58 per cent for Blue Bird.

Cranes Software was the most active among them. The average daily volume for the last three months stood at 6.53 lakh shares while average deliverable ratio is 45.5 per cent.





 

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