To curb excessive volatility, leading stock exchange BSE today tweaked the circuit limit for share movement of 14 companies, including Pritish Nandy Communications.
The new limits, effective October 13, 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 in check. It is the maximum fluctuation that is allowed during trading, which gets suspended if the permissible limit is hit in either direction.
In a circular, the exchange said it has set a circuit limit of 10 percent for Pritish Nandy Communications.
It has also fixed a limit of 10 percent for Apple Finance, Excel Industries, Sujana Universal Industries, Ocean Agro India, Malu Paper Mills, XL Energy and Ankit Metal & Power.
A limit of 10 percent has also been set for Lotus Eye Care Hospital, Emami Paper Mills, Ortin Laboratories, Mega Nirman and Industries and Nakoda Ltd.
For FCS Software Solutions, the limit is set at 5 percent.
The circuit filters have been changed from their existing levels in the 14 scrips with effect from October 13, as per the circular.
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