BSE tweaks circuit limit of ABG Shipyard, Future Retail

Leading stock exchange BSE today revised circuit limits for share movement of ABG Shipyard, Future Retail and six others 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.

The share price of Future Retail and Future Retail (DVR) cannot change by more than 20 per cent in a day, BSE said in a circular.

It has also set an upper limit of 10 per cent for ABG Shipyard.

Besides, it has fixed a circuit limit of five per cent for five companies -- Texmo Pipes and Products, Purshottam Investofin, Krishana Fabrics, Ashima Ltd and Tricom India.

"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels... In the scrips (eight) with effect from May 25, 2016," BSE said.