BSE revises circuit limit of PSP Projects, 10 others

NEW DELHI: In order to curb excessive volatility, leading bourse BSE has revised the circuit limit for shares of 11 companies, including construction firm PSP Projects.

The new limits, which were changed on June 9, will be effective from tomorrow and ensure stock prices do not fluctuate beyond a prescribed level during a session.

As per a BSE notice, a circuit limit of 20 per cent has been set for PSP Projects, which made its trading debut on the bourse as well as on NSE last month.

Besides, the exchange has set a circuit limit of 10 per cent for Emkay Global Financial Services and Binny Ltd.

Also, a circuit limit of 5 per cent has been fixed for Emami Infrastructure, Vibrant Global Capital, Bodhtree Consulting, Nikhil Adhesives, Amrapali Industries, Cals Refineries and Industrial Investment Trust.

Trilogic Digital Media will have a circuit limit of 2 per cent, according to the notice.

Among the 11 firms, while PSP Projects commands the highest market capitalisation at Rs 960.84 crore, Trilogic Digital Media has the lowest with Rs 5.57 crore.

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 session.