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Leading bourse BSE today revised the circuit limit for shares of 19 companies, including CL Educate, in order to curb excessive volatility. The new limits, effective tomorrow, will ensure stock prices do not fluctuate beyond a prescribed level during a session. According to a BSE circular, a circuit limit of 20 per cent has been set for CL Educate. CL Educate, which operates across segments in the education industry including test preparation and vocational training, had debuted on BSE as well as NSE on March 31. The exchange has set a circuit limit of 10 per cent for Ansal Properties & Infrastructure, Onesource Techmedia, BLS International Services, Aditya Consumer Marketing and Indiabulls Wholesale Services. Besides, a limit of 5 per cent has been set for Stellar Capital Services, Navketan Merchants, Sterling International Enterprises, Ind-Swift, Supertex Industries, Techindia Nirman, NPR Finance, Neelkanth Technologies, Refnol Resins & Chemicals, Raminfo, Vikas Granaries, Nagreeka Capital & Infrastructure and Shekhawati Poly Yarn, as per the circular. 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. The circuit filters have been changed from their existing levels in the 19 scrips with effect from April 18.
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