BSE resets circuit limit of Max India, 6 others

To curb excessive volatility, top stock exchange BSE today tweaked the circuit limit for share movement of Max India and six other companies.
The new limits, effective tomorrow, will ensure stock prices do not go up or down beyond a level during a session.
Circuit filter mechanism is used by stock exchanges to keep excessive volatility in check. It is the maximum fluctuation that is allowed during trading, which gets suspended if the permissible limit is hit in either direction.
In a circular, the exchange said it has set a circuit limit of 20 per cent for Max India.
Also, it has fixed a limit of 10 per cent for Ortin Laboratories and Anubhav Industrial Resources.

It has set a limit of 5 per cent for four companies -- Neha International, Parabolic Drugs, A F Enterprises and Purshottam Investofin.
"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels...In the scrips (seven) with effect from July 28, 2016," BSE said.