Hi, I’ve been unable to trade(delivery) in GSM stocks on Zerodha (Sangam advisors and now Best Steel Logistics Ltd). I’ve also noticed that I’m often unable to trade in Taaza International and I get some error which seems like “Transaction not allowed in current Market sta” or “… square off across exchange across segments”. I learn that some stocks can only be bought offline. Could you let me know what these errors are and how I can trade in these stocks?
When you buy GSM/S+ stocks of stage II or higher, an Additional Surveillance Deposit(ASD) of 100% of your investment value is blocked for a period of 5 months and released only after that, regardless of when you sell the stock. Clients are usually unaware of this and it always comes to them as a rude shock. As a result, trading in these stocks have been blocked at Zerodha.