In ‘Trade to Trade’ (or T-group) segment shares, speculative trading is prohibited that means one can’t square off his intraday position.
If someone who buys shares of T2T category shall necessarily have to take the delivery of the purchased shares and intraday squaring-off is not allowed.
Similarly, a seller of T2T shares should necessarily provide the delivery of the sold shares.
Another feature of T2T shares is lower circuit filter- share price can move 5% (on either side) only.
Stocks showing very excessive volatility or spurious price movement are shifted to ‘T2T’ segment.
IPO listing & T2T
Newly-listed IPO shares trade under ‘Trade to Trade’ category for first 10 days from the listing-day.
In past we have seen abnormal price movement in many IPO shares on the listing day.
Birla Pacific Medspa, a BSE listed share moved up whopping 207% on its debut day while shares of Indo-Thai securities tanked 75 % on the day of listing.