To curb excess volatility, leading stock exchange BSE today tweaked the circuit limit for share movement of 15 companies, including Brahmaputra Infra.
The new limits, effective tomorrow, 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.
In a circular, the exchange said it has set a circuit limit of 10 per cent for Brahmaputra Infrastructure, Maan Aluminium, Asya Infosoft, Prakash Steelage, Daikaffil Chemicals India and Millitoons Entertainment.
It has also fixed a limit of 5 per cent for Dynacons Systems & Solutions, Classic Global Finance & Capital, Siddarth Businesses, Achal Investments and Transglobe Foods.
A limit of 5 per cent has also been set for Perfect-Octave Media Projects, Prime Securities, Nyssa Corporation and Pankaj Piyush Trade & Investment.
"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels... In the scrips (15) with effect from September 8, 2016," BSE said.
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