BSE tweaks circuit limit for ABG Shipyard, 18 others

NEW DELHI: BSE today revised the circuit limits for share movement of ABG Shipyard and 18 other companies, as part of its 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.

The price of eight companies - ABG Shipyard, KS Oils, BSL, Upper Ganges Sugar & Industries, Frontline Business Solutions, Pil Italica Lifestyle, MD Inducto Cast and Sphere Global Services - cannot change by more than 10 per cent in a day, BSE said in a circular.

It has also set an upper limit of five per cent for four firms -Anshu's Clothing, Sybly Industries, Total Exports and Pudumjee Industries.

The limits for Control Print, Freshtrop Fruits, Himachal Fibres, Nutraplus India, Premco Global, VEDAVAAG Systems and VHCL Industries have been set at two per cent.

"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels in the below mentioned scrips with effect from March 31, 2016," BSE said.