BSE resets circuit limit of Jindal Worldwide, 3 others

To check excessive volatility, BSE today revised the circuit limit for share movement of Jindal Worldwide and three others.
The new limits, effective February 23, will ensure stock prices do not fluctuate beyond a prescribed level in a session.
In a circular, the exchange said it has set a circuit limit of 10 per cent for Jindal Worldwide.
The circuit filter mechanism is used by stock exchanges to keep excessive volatility for a scrip in check. It is the maximum fluctuation that is allowed in a stock.
The exchange has also set a limit of 10 per cent for Vishal Fabrics and Salona Cotspin.

It has fixed a limit of 5 per cent for Binny Ltd.
The circuit filters have been changed from their existing levels in the four scrips with effect from February 23.