Comment on Consequences of Short delivery - NSE/BSE

Nithin Kamath commented on 19 Jun 2014, 05:26 PM

Vinod, the auction happens on T+3 days, and there is no way to predict at what price it will happen, it could be in a 5 to 10% range of the stock price on the auction day (so if GATI is at 129, auction could happen anywhere between 129 to 150). If the price is higher yes, you have to bear the loss, and it is very unlikely that you will be able to make any money of this unless the stock falls significantly.

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