BSE tweaks circuit limit of Tata Metaliks, five others

By: |
New Delhi | May 18, 2016 5:50 PM

BSE revised circuit limits for share movement of Tata Metaliks, Indiabulls Wholesale Services and four others as part of its surveillance action.

BSEThe price of three companies — Tata Metaliks, Manaksia Coated Metals & Industries and Beekay Niryat — cannot change by more than 10 per cent in a day, BSE said in a circular.

Leading stock exchange BSE on Wednesday revised circuit limits for share movement of Tata Metaliks, Indiabulls Wholesale Services and four others 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 on Thursday.

The price of three companies — Tata Metaliks, Manaksia Coated Metals & Industries and Beekay Niryat — cannot change by more than 10 per cent in a day, BSE said in a circular.

It has also set an upper limit of 5 per cent for Indiabulls Wholesale Services, Cosmo Ferrites and Ramchandra Leasing & Finance.

“Trading Members of the Exchange are hereby informed that the circuit filters has/have been changed from their existing levels… in the scrips (six) with effect from May 19, 2016,” BSE added.

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