To curb excessive volatility, leading stock exchange BSE today modified the circuit limit for share movement of seven companies, including IGC Foils.
In a circular, the exchange said that it has set a circuit limit of 20 per cent for IGC Foils.
It has also fixed a limit of 5 per cent for C & C Constructions, Kothari Fermentation & Biochem, Prism Medico and Pharmacy, Intense Technologies, Amsons Apparels and Hisar Metal Industries.
The new limits, effective January 9, will ensure stock prices do not go up or down beyond a level during a session.
Circuit filter mechanism is used by stock exchanges to keep excessive volatility in check. It is the maximum fluctuation that is allowed during trading, which gets suspended if the permissible limit is hit in either direction.
The circuit filters have been changed from their existing levels in the seven scrips with effect from January 9, said the circular.
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