Dynamic circuit filter for United Breweries

The BSE announced that United Breweries shall have a dynamic circuit filter of 10% with effect from March 19, 2013.

Dynamic price bands can change depending on changing market trend. The change has been made following the scrip's inclusion in the S&P BSE 100 index.

The exchange had announced in December that such filters would apply to scrips  which are included in indices on which derivative products are available.

"Trading Members of the Exchange are hereby informed that…United breweries Ltd…has included in S&P BSE 100, on which derivatives products are available and therefore, circuit filter of United breweries…shall be set at 10% w.e.f.(with effect from) March 19, 2013," said the BSE statement.  
 

The stock was up 2.65% to close at Rs.682..4 on the BSE.

The company was added to the index following the removal of Indiabulls Financial Services following its merger with Indiabulls Housing Finance.