BSE resets circuit limit of Paramount Communications, 8 others

To check excessive volatility, stock exchange BSE revised the circuit limit for share movement of Paramount Communications and eight other firms.

The new limits, effective today, will ensure stock prices do not go up or down beyond a prescribed level during a session.

In a circular, the exchange said it has set a circuit limit of 10 percent for Paramount Communications.

The 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.

Apart from Paramount Communications, the exchange has set a limit of 20 percent for Mauria Udyog Ltd.

It has also fixed a limit of 10 percent for SVP Global Ventures, Dollex Industries, Wallfort Financial Services, Vaibhav Global and PBA Infrastructure A limit of 5 percent has been set for Aanchal Ispat and Ferro Alloys Corporation.

The circuit filters have been changed from their existing levels in the nine scrips with effect from February 10.