I have purchased SDL 745AP2030, which I want to sell, but the LTP , and there is zero liquidity, how can I sell it out, is there any other option, I am extremally in need of it.
This is the 3rd such post in recent times.
I wonder what’s happening…
Why is everyone buying SDLs without considering there is hardly any liquidity on secondary markets!
Anyway, checkout this topic-thread where this scenario was recently discussed.
To get rid of illiquid bonds in a hurry on the secondary markets (NSE/BSE)
the strategy is to basically offer all the bonds one is holding
and sell-off whatever quantity (even part of one’s entire holdings) one can
at progressively lower rates (even lower circuit limits),
as circuit-limits reduce each day after a trade occurs at a lower price.
Are these securities part of cash component for pledging ?
Nope. AFAIK, none of the SDLs are.
…and yet people buy them planning to pledge them for margin.
Then I am out.
I thought of offering him a fair deal if it was allowed to be pledged. Deal off market and then place order accordingly in secondary market.
Edit: You have already proposed the same.
I have taken loan abd i am stuck in it, please help me find a better way to exit this
Hello, please help me exit this SDL, i have taken this SDL with loan amount, which is really difficult
Am not sure what else to say but to re-iterate what i mentioned in this topic-thread.
- to place limit-orders of the entire lot you wish to sell on NSE / BSE
- hope that someone sees it and places a counter-offer on the exchange,
- and then you can keep reducing your limit order to match whatever one is willing to pay and buy the SDL
- and keep selling-off lots over a few days as lower-circuit-limit reduces and one can bid at further lower prices.
Hopefully, you have realised why taking loans to trade/invest is a bad idea.
Good Luck