Stocks swing, exchange imposes circuit filter

Circuit filter limits daily price movement for over dozen firms

Asia’s oldest stock exchange on Friday announced it would change the circuit filter for 13 companies listed on the bourse. A circuit filter dictates how much the price of a stock can move in a given day. The notice covered  Himatsingka Seide, Steel, among others Exchange India and Mishka Exim. The BSE’s new circuit filters range from 20 per cent to two per cent.  It changed the circuit filter for Mishka Exim to 20 per cent. Himatsingka Seide, Acknit Industries, Steel Exchange India and Adhbhut Infrastructure have all had their limits revised to 10 per cent.

Emmbi Industries, Dynacons Technologies and Eduexel Infotainment all saw their circuit filters revised to five per cent. The largest bunch of revisions were to two per cent with five stocks seeing their filters revised.  This included Raj Irrigation Pipes & Fittings, PS IT Infrastructure & Services, Gita Renewable Energy, Cressanda Solutions and KBS India. The changes are effective from next week.

The stocks affected by the circuit filter were up an average of five per cent each.  Adhbhut Infrastructure Ltd and Acknit Industries was up 20 per cent.  Fifteen out of the 20 stocks ended with gains. Mishka was up five per cent, Himatsingka Seide was up 7.67 per cent.

Among the stocks that ended with losses, include Eduexel Infotainment Ltd (down 9.92 per cent). PS IT Infrastructure & Services Ltd, Gita Renewable Energy Ltd, Cressanda Solutions Ltd and KBS India Ltd were down five per cent.