BSE sets circuit limit of 10% for United Breweries scrip

Leading stock exchange BSE has revised the circuit limits for share movement of Vijay Mallya- led United Breweries (Holdings) Ltd and six other companies, as part of surveillance action.
The new limits, which ensure that stock prices don't go up or down beyond a level during a trading session, will be effective from tomorrow.
BSE said in a circular that the price of UB (Holdings) Ltd cannot change by more than 10 per cent in a day.
It has also set an upper limit of 10 per cent for Viceroy Hotels, Global Capital Markets, Mavens Biotech and Transport Corporation of India.

While the limits for UB Engineering and Prime Industries have been set at 5 per cent and 2 per cent.
"Trading members of the exchange are hereby informed that the circuit filters have been changed from their existing levels in the scrips with effect from January 2, 2014," BSE said.
Market regulator Sebi recently changed the methodology for circuit limits involving key indices like Nifty and Sensex. It said that the circuit limit for the indices would be calculated on a daily basis instead of the earlier practice of quarterly basis.