Leading bourse BSE today revised the circuit limit for the share movement of InterGlobe Aviation, which operates low-cost carrier IndiGo, and 16 other companies, as part of 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.
In a circular, BSE said that the price of InterGlobe Aviation cannot change by more than 10 per cent in a day.
In November, InterGlobe Aviation made a remarkable debut on bourses. It got listed at Rs 856 on the BSE, higher than the issue price of Rs 765 per share. Currently, the stock is trading at Rs 722 level.
Besides, the stock exchange has set a limit of 10 per cent for seven firms – Smiths & Founders (India) Ltd, BSL Ltd, SSPDL Ltd, Arrow Textiles, Yogya Enterprises, Natco Economicals and Zicom Electronic Security Systems.
A limit of 5 per cent has also been set for eight companies – KCL Infra Projects, Danlaw Technologies India, Mangalam Drugs & Organics, Trigyn Technologies, IMP Powers, Medi Caps, Axtel Industries and Photoquip India.
However, limit for ETT Ltd has been set at 2 per cent.
“Trading members of the exchange are… informed that the circuit filters has/have been changed from their existing levels in (17) scrips with effect from February 12, 2016,” BSE said.