The scrip of Sunteck Realty, Mumbai’s premier real estate developer catering to the premium and ultra premium segment, will be shifted to Group A category by Bombay Stock Exchange (BSE), effective January 4, 2018.
The BSE announced shifting of 52 scrips including Sunteck Realty Ltd to Group A category, comprising top 200 companies, from next week.
“As part of the periodic review, the exchange has transferred 52 scrips to Group A companies (comprising of 200 stocks) from Group B with effect from January 4, 2018,” BSE said in a statement.
Group A is the most tracked segment consisting of about 200 scrips while Group B consists of more than 3,000 stocks. The classification is based on several factors like market capitalization, trading volumes and numbers, track records, profits, dividends, shareholding patterns, and some qualitative aspects.
BSE has classified equity scrips into categories such as Group A, Group B, Group T, among others, to provide a guidance to the investors.
Along with Sunteck Realty, other companies moved to Group A include Bajaj Corp, Blue Star, GIC Housing Finance, Greaves Cotton, Indiabulls Ventures, Shoppers Stop, Trident and Vijaya Bank.