 "BSE revises circuit filter for six scrips")
The new circuit filters range from 2% to 2% and will be effective from Tuesday, according to a notification on the exchange website.
The companies with revised circuit filters include Jubilant Life Sciences Ltd and Hitachi Home and Life Solutions (India) Ltd.
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A circuit filter is put in place to limit the change in price of a listed security.
Accordingly, the price of Hitachi Home and Life Solutions (India) Ltd. cannot change by more than 10%, while the limits for Prism Medico and Pharmacy Ltd. has been set at 2%.
AMD Industries Ltd, Global Offshore Services Ltd, Bronze Infra-Tech Ltd, Jubilant Life Sciences Ltd will have a circuit filter of 5% each.
“Trading Members of the Exchange are hereby informed that the circuit filters has/have been changed from their existing levels in the below mentioned scrip/s with effect from December 10, 2013,” said the notice on the BSE website.
The Securities and Exchange Board of India, which regulates stock markets in India, recently changed the methodology for circuit limits involving key indices such as the Nifty and the Sensex. It asked that the circuit limit for the indices be calculated on a daily basis rather than on a quarterly basis as before.