New Delhi: Leading exchange BSE has revised
the circuit limit for the shares of eight companies to curb
excessive volatility in their prices.
The firms are Orient Paper & Industries, Shah Foods,
Aishwarya Telecom, Amba Enterprises, Lancer Container Lines,
Meera Industries, Master Trust and Uniroyal Marine Exports.
The new limits, effective tomorrow, will ensure stock
prices do not fluctuate beyond a prescribed level during a
session.
In a notice, BSE said trading members of the exchange are
hereby informed that the price band has been changed from
their existing levels in the eight scrips with effect from
January 25, 2018.
As per the notice, a circuit limit of 20 per cent has
been set for Orient Paper & Industries and 10 per cent for
Shah Foods.
Besides, a limit of 5 per cent has been set for Aishwarya
Telecom, Amba Enterprises, Lancer Container Lines and Meera
Industries and 2 per cent for Master Trust and Uniroyal Marine
Exports.
Circuit filter mechanism is used by BSE to keep in check
excessive volatility in a scrip. It is the maximum fluctuation
that is allowed in a stock in a day.
PTI
