BSE tweaks circuit limit of Emami Infrastructure, 6 others

NEW DELHI: To curb excessive volatility, top stock exchange BSE has tweaked the circuit limit for share movement of seven companies including Emami Infrastructure.

The new limits, effective from tomorrow, will ensure stock prices do not go up or down beyond a level during a session.

Share price of Allsec Technologies, Bartronics India, Kaushalya Infrastructure Development Corporation and High Ground Enterprise cannot change by more than 10 per cent in a day, BSE said in a circular.

The exchange has set a circuit limit of 5 per cent for three companies - Emami Infrastructure, GV Films and Rana Sugars.

"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels... in the scrips (7) with effect from June 30, 2016," BSE added.

Circuit filter mechanism is used by stock exchanges to keep excessive volatility in check. It is the maximum fluctuation that is allowed during trading, which gets suspended if the permissible limit is hit in either direction.