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The National Stock Exchange has announced a revision of the price band, or maximum range in which share prices can move, for 216 companies listed on the bourse.
It has moved 117 stocks from the 5% price band to the 10% category. Five more have been moved to the 20% segment. Sixty one others have seen their price bands revised from 10% to 20%.
It has reduced the price band for the remaining 33 scrips.
The changes in price bands are effective from September 06, 2013.
There are now 394 companies with a price band of 5%, 146 with a 10% price band and 895 which fall under the 20% segment. Another 147 companies have no price band as they are part of the derivative basket. They will, however, continue to have an operating range of 10%.
An operating range is a dynamic circuit filter which only kicks in if the stock is seen to behave in a way which is different from the rest of the market. Unlike the usual circuit filter, the exchange has the freedom to relax this range in case there is a large movement in the market.
