BSE tweaks circuit limit of 7 companies

To check excessive volatility, stock exchange BSE today revised the circuit limit for share movement of as many as seven companies.
The new limits, effective tomorrow, will ensure stock prices do not go up or down beyond a level during a session.
In a circular, the exchange said it has set a circuit limit of 10 per cent for Ambition Mica, Welplace Portfolio and Financial Consultancy Services and Hindustan Adhesives.
The exchange has also fixed a limit of 5 per cent for Trilogic Digital Media, Milkfood, Mewar Hi-Tech Engineering and Eastern Silk Industries.
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, after which trading in it gets suspended if the permissible limit is hit in either direction.

The circuit filters have been changed from their existing levels in these seven scrips with effect from November 11.