NSE to shift almost 323 stocks to T+1 settlement including Aurionpro Solutions and Deep Industries; do you hold any of them?

Here are some notable names that have been transferred to the T+1 settlement type

In the earlier part of this year, the Indian stock market shifted to the shorter and quicker T+1 or ‘Tradeplus1’ settlement cycle. In the first phase, some of the stocks based on the lower market capitalisation on NSE were put under the new settlement cycle.   

In simpler terms, this means that those transacting shares falling under the T+1 settlement cycle will get their money or shares delivered within a span of 24 hours.   

Before this, trades on the Indian stock exchanges were settled within two days after they took place, famously known as the T+2 settlement. The settlement of the cycle to T+1 was done with the aim of making the market more efficient by reducing the time between cutting a deal and its conclusion. Most global markets still follow the T+2 settlement system.   

The T+1 settlement system will shorten the settlement cycle by a day reducing the risk of pay-in/pay-out defaults and giving investors more liquidity with the availability of funds & securities.   

In a recent development, NSE issued a circular wherein it stated as many as 323 stocks will be transferred to the T+1 settlement type with effect from October 28, 2022.   

Here are some notable names that have been transferred to the T+1 settlement type- Aurionpro Solutions, Alphageo (India), ZF Steering Gear (India), Wanbury, Max India, Deep Industries, PPAP, Talbros Automotive Components, Housing Development & Infrastructure (HDIL), Advani Hotels & Resorts, TVS Electronics, Speciality Restaurants, Royal Orchid Hotels, Coastal Corporation, Cupid Ltd, KPI Green Energy, Liberty Shoes, Zee Learn and many more.