Circuit filter On Elder Pharma, others from today

Elder Pharma, Indus Fila to have 10% limit, others 5%

The BSE has announced that there will be circuit filters on Elder Pharmaceuticals and stocks of eleven other companies effective from Monday, 13th May.

Elder Pharmaceuticals and Indus Fila are set to have a 10% limit on how much their share price can move during the day. Ten others have circuit limits of 5% each.

The other companies mentioned are Arcotech, BGIL Films & Technologies, FGP, Jayant Mercantile Co, Orient Paper & Industries, Refex Refrigerants, Rushil Décor, Scope Industries (India), Transgene Biotek and Entegra.

Interestingly, Elder Pharma hit the 10% circuit on the downside on Monday. It was down Rs.24.95, and trading at Rs.224.6 before 11:00 AM on the BSE.

Elder Pharma had fallen after Ratnakar Bank offloaded shares of the company last week.

Indus Fila did not see any trading. Others which were trading at or near their circuit limits included Orient, Rushil, Scope and Transgene.

Orient Paper was down 4.84% at Rs 8.45. Rushil Décor was down 4.97% at Rs 48.75, Scope Industries was down 4.97% at Rs 12.63. Transgene Biotek was down 4.57% at Rs 2.09.

The release did not mention a reason for the change in circuit limits.