A Trade-to-Trade (T2T) stock is one the exchange has placed in a special segment where every trade must be settled by delivery. You can trade it only in Delivery — Intraday isn't allowed, so you can't buy and sell it the same day or square off a position intraday.
Why is a stock in the T2T segment?
Exchanges, along with SEBI, move a stock into T2T under their surveillance framework — typically when it shows unusual price movement, a stretched valuation, or other risk signals — to curb excessive speculation in it. It's reviewed periodically, so a stock can move into or out of the T2T segment over time. On NSE these stocks trade in the BE (or BZ) series.
What can and can't I do with a T2T stock?
- ✅ Delivery — you can buy and take delivery (pay the full amount; the shares go to your demat), or sell from your holdings. This is allowed.
- ❌ Intraday — not allowed. You can't buy and sell the same day.
- ❌ Same-day square-off / BTST — every trade goes to delivery, so nothing is netted off within the day.
How do I trade a T2T stock on Rupeezy?
Place a Delivery order. If you try to place an Intraday order on a T2T stock, it will be blocked — switch the product to Delivery and it will go through.
Good to know
- Because it's delivery only, you need the full trade value upfront — there's no intraday leverage on a T2T stock.
- A stock's T2T status can change at the exchange's periodic review, so a stock that's T2T today may return to the normal segment later (and vice versa).