To check excessive volatility, stock exchange BSE today revised the circuit limit for share movement of MBL Infrastructures and 20 others.
The new limits, effective tomorrow, will ensure stock prices do not go up or down beyond a prescribed level during a session.
In a circular, the exchange said it has set a circuit limit of 10 per cent for Pasupati Acrylon, Hind Syntex, High Energy Batteries India, Shirpur Gold Refinery, Magna Electro Castings, Super Spinning Mills, National Plastic Industries and CG Vak Software & Exports.
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A limit of 10 per cent has also been set for Nitco Ltd R&B Denims, Divinus Fabrics, Amba Enterprises, MD Inducto Cast Bedmutha Industries and Cinevista Ltd.
The 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.
The exchange has fixed a limit of 5 per cent for Rohit Ferro-Tech, MBL Infrastructures, Capri Global Capital, Rishi Techtex, Rajratan Global Wire and Bharat Gears.
The circuit filters have been changed from their existing levels in the 21 scrips with effect from November 22.
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