BSE tweaks circuit limit of Emami Infrastructure, 6 others

Image
Press Trust of India New Delhi
Last Updated : Jun 29 2016 | 6:13 PM IST
To curb excessive volatility, top stock exchange BSE has tweaked the circuit limit for share movement of seven companies including Emami Infrastructure.
The new limits, effective from tomorrow, will ensure stock prices do not go up or down beyond a level during a session.
Share price of Allsec Technologies, Bartronics India, Kaushalya Infrastructure Development Corporation and High Ground Enterprise cannot change by more than 10 per cent in a day, BSE said in a circular.
The exchange has set a circuit limit of 5 per cent for three companies - Emami Infrastructure, GV Films and Rana Sugars.
"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels... In the scrips (7) with effect from June 30, 2016," BSE added.
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.
*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: Jun 29 2016 | 6:13 PM IST

Next Story