Stocks where serious speculation activities are observed are put in trade to trade category by the exchange and SEBI. Typically such stocks will have low public float and very low market caps which make them attractive prey for the operators who can move prices up and down single handedly.
If you buy a stock in t2t category you can’t sell it on the same day which you can do with the other stocks. In other words intraday trading not allowed. You will have to take delivery of the stocks into your demat account and once shares are credited to your demat account you can sell them.
Exchange does periodic review of stocks in t2t category and based on fulfilment of certain criteria moves them out of t2t. It’s hard to say how long, though. Sometimes it can be a few weeks and sometimes a few months.
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