BSE resets circuit limit of Manaksia Steels, 13 others

To check excessive volatility, BSE today revised the circuit limit for share movement of Manaksia Steels and 13 others.
The new limits, effective February 13, will ensure stock prices do not go up or down beyond a prescribed level in a session.
In a circular, the exchange said it has set a circuit limit of 10 per cent for Manaksia Steels.
The circuit filter mechanism is used by stock exchanges to keep excessive volatility for a scrip in check. It is the maximum fluctuation that is allowed in a stock.
The exchange has also set a limit of 10 per cent for Manaksia Aluminium Company, Golden Goenka Fincorp and Cinevista.

It has fixed a limit of 5 per cent for ACE Software Exports, Facor Alloys, Shree Nidhi Trading Co, Genera Agri Corp, Monotype India, Winsome Diamonds and Jewellery, Aplaya Creations, Crest Ventures, Cals Refineries and Quest Financial Services.
The circuit filters have been changed from their existing levels in the 14 scrips with effect from February 13.