To curb excessive volatility, stock exchange BSE today tweaked the circuit limit for shares of 10 companies, including Quest Financial Services.
The new limits, effective tomorrow, will ensure stock prices do not go up or down beyond a level during a session.
In a circular, the exchange said it has set a circuit limit of 20 per cent for Quest Financial Services.
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, after which trading in it gets suspended if the permissible limit is hit in either direction.
A limit of 10 per cent has been set for Kilitch Drugs India, MFL India, Auro Laboratories, Chandra Prabhu International, Carnation Industries, Baba Arts and KP Energy.
The exchange has fixed a limit of 5 per cent for Indovation Technologies, V2 Retail.
The circuit filters have been changed from their existing levels in the 10 scrips with effect from September 28, as per the circular.
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