BSE squeezes circuit limit of eight companies
DSIJ Intelligence / 06 Jan 2017
Bombay Stock Exchange (BSE) has tweaked the circuit limit for shares of eight companies. The stock exchanges change limits to curb excessive volatility.
Bombay Stock Exchange (BSE) has tweaked the circuit limit for shares of eight companies. The stock exchanges change limits to curb excessive volatility. The new limits, effective January 6, will ensure stock prices do not go up or down beyond a level during a session.
As per the circular, the exchange has set a circuit limit of 10 per cent for Khaitan Electricals, Piccadily Sugar & Allied Industries, STI India, Sanwaria Agro Oils, Adi Rasayan, North Eastern Carrying Corporation and Majestic Research Services and Solutions. A limit of 5 per cent has also been set for Ruby Traders & Exporters.
The circuit filter mechanism is used by stock exchanges to keep a check on excessive volatility in share prices. It is the maximum trading range that is allowed during a trading session.
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