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    HomeNewsBusinessMarketsBSE revises circuit filter for over 600 stocks; Avenue Supermarts, Birla Corp, SpiceJet limit bumped up to 20%

    BSE revises circuit filter for over 600 stocks; Avenue Supermarts, Birla Corp, SpiceJet limit bumped up to 20%

    Avenue Supermarts, Arvind, Atul Auto, Aditya Birla Money, Bharat Dynamics, Birla Corporation, Dhanlaxmi Bank, Shalimar Paints, SpiceJet and Trident are among the stocks whose limit has been revised from 10 percent to 20 percent.

    Moneycontrol News
    August 07, 2020 / 17:39 IST

    The BSE on August 6 raised the circuit limit for more than 600 stocks, including AU Small Finance Bank, Delta Corp, PNB Housing Finance and Supermarts, Arvind and Aditya Birla Money.

    The change came into effect on August 7, the exchange said in its notification.

    The exchange increased circuit limit to 10 percent from 5 percent for 325 stocks including Adani Transmission, Adani Green Energy, Affle (India), Bajaj Hindusthan Sugar, BF Utilities, Graphite India, GVK Power, IDBI Bank, Indiabulls Real Estate, Inox Wind and Lemon Tree Hotels.


    Anjani Foods, BC Power Controls, Bilcare, Duke Offshore, Himachal Fibres, Mercantile Ventures are among 82 stocks where the circuit filter has been changed to 5 percent from 2 percent earlier.


    Avenue Supermarts, Arvind, Atul Auto, Aditya Birla Money, Bharat Dynamics, Birla Corporation, Dhanlaxmi Bank, Shalimar Paints, SpiceJet and Trident are among the stocks whose limit has been revised from 10 percent to 20 percent.


    On the other hand, the BSE reduced circuit filter from 5 percent to 2 percent for one stock (Shree Global Tradefin), while Godawari Power and Ispat, Kkalpana Industries (India), Leading Leasing Finance and Investment Company, Neogen Chemicals, OnMobile Global and Times Guaranty are six stocks where the circuit filter has been reduced to 5 percent from 10 percent.

    The circuit filter for three stocks - Regency Investments, Trident Texofab and Vishnu Chemicals - has been changed to 10 percent from 20 percent earlier.

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    Exchanges use a circuit filter to prevent a sharp fall or rise in the price of a stock or an index as a whole. Based on the Securities and Exchange Board of India guidelines, Indian stock exchanges started implementing index-based circuit breakers from July 2, 2001.

    The exchanges compute the index circuit breaker limits daily, based on the previous day’s closing of the index.

    "Scrips in trade for trade segments will continue to attract a price band of 5 percent or lower, as applicable," BSE said.

    Moneycontrol News
    first published: Aug 7, 2020 03:50 pm

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