When a scrip is classified under Enhanced Surveillance Measure (ESM) Stage II, it is subject to stricter trading norms aimed at reducing volatility and speculative activity. The key features of ESM Stage II include:

• Trade to Trade Category: All trades must result in mandatory , and trading is not permitted.
• Price Band of 2%: The scrip’s price movement is restricted to a maximum of ±2% in a single trading day.
• Periodic Call Trading: Trading is conducted through periodic call auction sessions on all trading days to ensure better price discovery and market stability.

These measures are implemented to enhance market transparency and protect investors. For more details, refer to the official regulatory guidelines.