Comment on Consequences of Short delivery - NSE/BSE

suresh2kb commented on 05 Sep 2014, 10:59 AM

Thanks for sharing this great info.

@Nithin, I have traded Punj Lloyd Limited stocks (Intraday) on tuesday (2-9-2014) & shorted 2236.

• The price I sold was 39.25 & that day market reached its upper cut 39.65 (Trading day).
• Next day market reached again its upper cut limit 41.55 (T+1 day)
• Yesterday stock plunged its lower cut limit 38.85 (T+2 day)
• Today the market again plunged & trades at 35.85 (T + 3 day)

Based on above information, the net value should be profit. So do i end in profit or the amount will be transferred to Investor Protection Fund. I heard few brokers transfer money to the personnel rather IPF. Thanks in advance for all your effort & answers

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