To check excessive volatility, stock exchange BSE today revised the circuit limit for share movement of Muthoot Capital Services and 24 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 Signet Industries, Eldeco Housing & Industries, Axtel Industries, Sukhjit Starch & Chemicals Cals Refineries, CSL Finance and Arman Financial Services.
A limit of 10 per cent has also been set for Rana Sugars, Kakatiya Cement Sugar & Industries, Gokaldas Exports, Sita Shree Food Products, Gyscoal Alloys, Steel Exchange India and Sathavahana Ispat.
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 V2 Retail, Thirumalai Chemicals, Satra Properties India, Crest Ventures, Muthoot Capital Services, Almondz Global Securities, Safal Securities, Sybly Industries, Vikas Granaries, BSEL Infrastructure Realty and Soma Textiles & Industries.
The circuit filters have been changed from their existing levels in the 25 scrips with effect from November 16.
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