The Bombay Stock Exchange has revised the circuit limit of 463 stocks, including United Breweries Holdings, Reliance MediaWorks, Kingfisher Airlines and D B Realty, as part of surveillance action.
The revised circuit limit, which ensures that the price of a scrip cannot move upward or downward beyond a limit set for the day, is with effect from today.
The exchange has increased the circuit limit for some stocks, while it has been reduced for others.
BSE has raised the circuit limit of 409 scrips, including UBHL, Reliance MediaWorks, Kingfisher Airlines, Essar Oil, UB Engineering, MMTC, and Venus Remedies, to 10 per cent from 5 per cent.
Besides, it has also increased the circuit filter level for companies such as Zuari Global, Kesoram Industries, Hindustan Copper, National Fertilizers to 20 per cent from 10 per cent.
For as many as 78 scrips, the circuit limit has been upped from 2 per cent to 5 per cent, which includes Lifeline Drugs & Pharma, Mahindra Composites, and Venus Power Ventures (India).
The exchange has, however, lowered the circuit filter for 64 companies. BSE has narrowed the limit for 28 companies to 5 per cent from 20 per cent, and reduced the filter for 16 firms from 20 per cent to 10 per cent.
In a separate circular, NSE has set 5 per cent circuit limit for 394 companies, 10 per cent for 146 firms and 20 per cent for 895 companies. However, there is no price band for 147 companies.
The companies that will have 5 per cent price band include Emkay Global Financial Services, JVL Agro Industries, Lloyds Finance, Pipavav Defence, Piramal Life Sciences and Multi Commodity Exchange of India.
List of firms that will have 10 per cent circuit limit include A2Z Maintenance & Engineering, D B Realty, Kingfisher Airlines, McDowell Holdings, Muthoot Finance, UBHL, Venus Remedies.
Among the companies that would not attract any circuit limit are Adani Ports and Special Economic Zone, Bajaj Auto, Bharti Airtel, Bharat Heavy Electricals Ltd, Cipla, DLF, Hero MotoCorp, Hindalco Industries, ICICI Bank, Infosys, Maruti Suzuki India, United Spirits, and NTPC.
The no price band list also include Tata group firms —Tata Chemicals, Tata Communications, Tata Global Beverages, Tata Motors, Tata Power Company, Tata Steel and Tata Consultancy Services.