BSE on Wednesday revised circuit limits for share movement of VRL Logistics and and five others as part of its surveillance action.
The Bombay Stock Exchange (BSE) on Wednesday revised circuit limits for share movement of VRL Logistics and and five others as part of its surveillance action.
The new limits which ensure stock prices do not go up or down beyond a level during a trading session will be effective from May 26. The exchange has set an upper limit of 10 per cent for VRL Logistics.
Shares of VRL Logistics on Wednesday plunged by over 12 per cent on BSE amid worries over its promoters’ proposed investment in regional airline venture and its impact on the firm’s balancesheet. On Tuesday, the stock tumbled by 18 per cent.
Besides, the share price of Jindal Photo cannot change by more than 20 per cent in a day, BSE said in a circular.
It has fixed a circuit limit of five per cent for three companies — Athena Global Technologies, Rishiroop and SRS Real Infrastructure. The limit of 2 per cent has been set for Khyati Multimedia Entertainment.
“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 26, 2016,” BSE said.