BSE revises circuit limit for 405 stocks

Tags: BSE, Stock Market
Leading stock exchange BSE has revised the circuit limits for shares of 405 companies, including Kingfisher Airlines, Essar Shipping and Indian Bank, as part of surveillance action.

The revised limits, which ensure that share prices cannot move beyond the range set for the day, are effective from today. The limit has been increased for some stocks and reduced for others.

In a circular, the BSE said it increased the circuit limit for firms including Kingfisher Airlines, Indian Bank and Simbhaoli Sugars, to 20 per cent from 10 per cent.

The cap for share of companies such as Bartronics India, Essar Shipping, Gammon India and Kirloskar Industries has been increased to 10 per cent from 5 per cent.

The limit has been increased to 5 per cent from 2 per cent for as many as 95 scrips, including Bajaj Steel Industries, Venus Universal and Prime Capital Market Ltd.

The BSE has narrowed the limit for 15 companies to 5 per cent from 10 per cent, reduced the filter for 12 firms from 20 per cent to 5 per cent and lowered the level for four stocks to 10 per cent from 20 per cent.

In a separate circular, the National Stock Exchange set a 5 per cent circuit limit for 492 companies, 10 per cent for 111 firms and 20 per cent for a total of 892 companies. However, there is no price band for 139 companies.

The companies with a 5 per cent price band include CEAT, Emkay Global Financial Services, IL&FS Engineering & Construction Company and Kirloskar Brothers Investments.

The list of firms that will have a 10 per cent circuit limit include Reliance Broadcast Network Ltd, Essar Oil, Essar Shipping and Financial Technologies (India) Ltd.

Among companies that would not not attract any circuit limit are Reliance Industries, HDFC Bank, ICICI Bank, Indian Oil, ITC, Lupin and Maruti Suzuki India Ltd.

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