BSE tweaks circuit limit of Future Retail, 11 others

Leading stock exchange BSE today revised circuit limits for share movement of 12 companies, including Future Retail, as part of its surveillance action.
The new limits, effective September 14, 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 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.
In a circular, the exchange said it has set a circuit limit of 20 per cent for Future Retail Ltd.

It has also fixed a limit of 10 per cent for Nimbus Foods Industries, Everest Kanto Cylinder, S E Investments, Rane Brake Lining and COSYN Ltd
A limit of 5 per cent has also been set for Prakash Steelage, Rei Agro, Kamadgiri Fashion and Spentex Industries.
For Mahalaxmi Seamless and Goenka Business & Finance, the limit is set at 2 per cent.
"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels...In the scrips (12) with effect from September 14, 2016," BSE said.