Leading exchange BSE has revised the circuit limit for the shares of eight companies to curb excessive volatility in their prices.
The firms are Orient Paper & Industries, Shah Foods, Aishwarya Telecom, Amba Enterprises, Lancer Container Lines, Meera Industries, Master Trust and Uniroyal Marine Exports.
The new limits, effective tomorrow, will ensure stock prices do not fluctuate beyond a prescribed level during a session.
In a notice, BSE said trading members of the exchange are hereby informed that the price band has been changed from their existing levels in the eight scrips with effect from January 25, 2018.
As per the notice, a circuit limit of 20 per cent has been set for Orient Paper & Industries and 10 per cent for Shah Foods.
Besides, a limit of 5 per cent has been set for Aishwarya Telecom, Amba Enterprises, Lancer Container Lines and Meera Industries and 2 per cent for Master Trust and Uniroyal Marine Exports.
Circuit filter mechanism is used by BSE to keep in check excessive volatility in a scrip. It is the maximum fluctuation that is allowed in a stock in a day.
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