An increasing number of listed companies have seen their shares declared illiquid as trades dried up amid the Covid-19 pandemic. A total of 423 stocks have been declared illiquid in the June quarter. The number was 340 in June 2019, and 223 in June 2018.
A stock is considered illiquid if the average daily value of shares changing hands is less than Rs two lakh over the past six months, according to a note on the BSE website. This excludes companies in which the value of all shares taken together (or market capitalisation) is at least Rs 10 crore. Companies paying dividends over two ...
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