Leading stock exchange BSE on July 5 revised the circuit limit for share movement of Max Ventures and Industries and 21 others as part of its surveillance action
Leading stock exchange BSE on July 5 revised the circuit limit for share movement of Max Ventures and Industries and 21 others as part of its surveillance action.
The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from July 6.
A limit of 20 percent has been set for Max Ventures and Industries.
The share price of Safal Securities, Trilogic Digital Media, Vertex Securities, Stl Global, Indiabulls Ventures and Aanchal Ispat cannot change by more than 10 percent in a day, BSE said in a circular.
It has also set an upper limit of 5 percent for Sang Froid Labs (India), Indiabulls Wholesale Services, Tijaria Polypipes, Oceanaa Biotek Industries, Siddarth Businesses Ramchandra Leasing & Finance, Odyssey Corporation and Kilpest India.
A limit of 5 percent has also been set for Kcl Infra Projects, N R Agarwal Industries, Eldeco Housing & Industries Total Exports, Vivid Global Industries, Info-Drive Software and Cosboard Industries.
"Trading Members of the Exchange are hereby informed that the circuit filters has/have been changed from their existing levels...in the scrips (22) with effect from from July 7, 2016," BSE said.