BSE tweaks circuit limit of UB Holdings

To check excessive volatility, stock exchange BSE today revised the circuit limit for share movement of United Breweries (Holdings), which has plunged by more than 40 per cent in last four trading sessions.
Besides, the exchange has also tweaked the circuit limit of 19 other companies noting an unusual volatility in the scrips.
The new limits, effective tomorrow, will ensure stock prices do not go up or down beyond a prescribed level during a session.
In a circular, the exchange said it has set a limit of 10 per cent United Breweries (Holdings) Ltd. Since November 10, United Breweries shares tanked by more than 40 per cent.

A limit of 10 per cent has also been set for Binani Industries, Kanani Industries, Kesar Enterprises, Capital Trust, Neo Infracon, Phyto Chem India, Energy Development Company, Store One Retail India, Sunil Hitech Engineers and Star Delta Transformers.
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 fixed a limit of 5 per cent for Powerhouse Fitness And Realty, Transwarranty Finance, Prakash Constrowell, Gemini Communication, Unjha Formulations, Hindustan Adhesives, NR Agarwal Industries, Sibar Auto Parts and Binny Ltd.

The circuit filters have been changed from their existing levels in the 20 scrips with effect from November 18.