BSE tweaks circuit limit for DCM Shriram, 12 others

Leading stock exchange BSE today revised the circuit limits for share movement of DCM Shriram Industries and 12 other companies, 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 tomorrow.
DCM Shriram Industries and the price of six companies -- Kakatiya Cement Sugar & Industries, Perfect-Octave Media Projects, Ugar Sugar Works, India Tourism Development Corporation, Kalpa Commercial and Ginni Filaments -- cannot change by more than 10 per cent in a day, BSE said in a circular.
It has also set an upper limit of 5 per cent for four firms - Rainbow Papers, Pil Italica Lifestyle, Thiru Arooran Sugars and Sphere Global Services.

The limit for Phoenix Township and Citizen Yarns have been set at 2 per cent.
"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels in the scrips (13) with effect from April 5, 2016," BSE said.