BSE revises circuit limits of over 460 scrips

Revised circuit limits effective from Sept 6, 2013

Leading stock exchange BSE has revised circuit limits for shares of 463 companies, including United Breweries Holdings, Reliance MediaWorks, Kingfisher Airlines and D B Realty, as part of surveillance action.

The revised circuit limits, which ensures that the price of a scrip cannot move upward or downward beyond a limit set for the day, is effective from today.

The exchange has increased the circuit limit for some stocks, while it has been reduced for others.

BSE has raised the circuit limit for 409 scrips, including UBHL, Reliance MediaWorks, Kingfisher Airlines, Essar Oil, UB Engineering, MMTC, Venus Remedies to 10% from 5%.

Besides, BSE has also increased circuit filter level for companies such as Zuari Global, Kesoram Industries, Hindustan Copper, National Fertilizers to 20% from 10%.

For as many as 78 scrips the circuit limit has been upped from 2% to 5%, which includes Lifeline Drugs & Pharma, Mahindra Composites, Venus Power Ventures (India).

The exchange has, however, lowered the circuit filter for a total of 64 companies.

BSE has narrowed the limit for 28 companies to 5% from 20%, reduced the filter for 16 firms from 20% to 10%.

In a separate circular, NSE has set 5% circuit limit for 394 companies, 10% for 146 firms and 20% for a total of 895 companies.

However, there is no price band for 147 companies.

The companies that will have 5% price band include Emkay Global Financial Services, JVL Agro Industries, Lloyds Finance, Pipavav Defence, Piramal Life Sciences and Multi Commodity Exchange of India.

The list of firms that will have 10% circuit limit include A2Z Maintenance & Engineering, D B Realty, Kingfisher Airlines, McDowell Holdings, Muthoot Finance, UBHL, Venus Remedies.

Among the companies that would not not attract any circuit limit are Adani Ports and Special Economic Zone, Bajaj Auto, Bharti Airtel, Bharat Heavy Electricals Limited, Cipla, DLF, Hero MotoCorp, Hindalco Industries, ICICI Bank, Infosys, Maruti Suzuki India, United Spirits, NTPC.

The no price band list also include Tata group firms --Tata Chemicals, Tata Communications, Tata Global Beverages, Tata Motors, Tata Power Company, Tata Steel and Tata Consultancy Services.