Leading stock exchange BSE today revised circuit limit for share movement of RPG Life Sciences and 13 others as part of its surveillance action.
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.
Share price of RPG Life Sciences, Saamya Biotech (India) and Ojas Asset Reconstruction Company cannot change by more than 10 per cent in a day, BSE said in a circular.
Besides, the exchange has set a circuit limit of 5 per cent for Lloyds Steels Industries, Arfin India Ltd, Devhari Exports (India), Taal Enterprises, Anshus Clothing and Siddarth Businesses Ltd.
A limit of 5 per cent has also been set for Pacific Industries, Perfect-Octave Media Projects, Electrotherm (India), Dwarikesh Sugar Industries and Cubical Financial Services.
"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels...In the scrips (14) with effect from August 10, 2016," BSE said.
