BSE revises circuit limit of 4 firms

Image
Press Trust of India New Delhi
Last Updated : May 01 2017 | 4:42 PM IST
In order to curb excessive volatility, leading bourse BSE has revised the circuit limit for shares of four companies.
The new limits, effective tomorrow, will ensure stock prices do not fluctuate beyond a prescribed level during a session.
As per a BSE circular, a circuit limit of 5 per cent has been set for Aravali Securities & Finance and Anshu's Clothing.
Besides, the exchange has set a circuit limit of 2 per cent for Diamant Infrastructure and Kanishk Steel Industries.
Circuit filter mechanism is used by BSE to keep in check excessive volatility in a scrip. It is the maximum fluctuation that is allowed in a stock in a day.
The circuit filters will be changed from their existing levels in the four scrips with effect from May 2.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 01 2017 | 4:42 PM IST

Next Story