Leading stock exchange BSE today revised the permissible daily trading limit for shares of Jet Airways and 19 other companies, as part of a surveillance action.
The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from tomorrow.
In a circular, BSE said the price of Jet Airways can not change by more than 10 per cent in a day.
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The company's shares today closed at Rs 376.95 apiece on the BSE, up 8.29 per cent. In the intra-day trade, the stock had touched its 52-week high of Rs 385.80.
Apart from Jet Airways, BSE has set an upper limit of 10 per cent for Goenka Business & Finance, Rathi Steel & Power, Fulford India, Cat Technologies, Mobile Tele Communications and Agro Dutch Industries.
The limits has been set at 5 per cent for Sezal Glass, OnMobile Global, Vaswani Industries, Regency Trust, Zodiac-JRD-MKJ, Multibase India, Upsurge Investment & Finance and Empower India.
"...Circuit filters has/have been changed from their existing levels in these scrip/s with effect from December 3, 2014," BSE said.