Circuit filter mechanism is used by BSE to keep in check excessive volatility in a scrip.
New Delhi: Leading bourse BSE today revised the circuit limit for shares of 11 companies, including Sahara Housingfina Corporation, in order to curb excessive volatility.
The new limits, effective July 10, will ensure stock prices do not fluctuate beyond a prescribed level during a session. According to a BSE notice, a circuit limit of 10 per cent has been set for Sahara Housingfina Corporation, Tamilnadu Petroproducts and JBM Auto.
Besides, a limit of 5 per cent has been set for Captain Polyplast, Capital Trade Links, Paul Merchants, Ocean Agro (India), Sky Industries, Excel Castronics, Eco Recycling and Tirupati Industries (India), as per the notice.
Among the 11 firms, JBM Auto commands highest market capitalisation at Rs 1,509.84 crore and Excel Castronics lowest at Rs 10.34 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 day.
