BSE restricts daily price movement of six cos to up to 20%
Mumbai: Leading bourse BSE Monday said it has restricted the price movement for six companies including Oil India and Engineers India to a maximum of 20 percent a day as part of its surveillance measures.
The shares of these companies are now allowed an upward or downward movement of a maximum of 20 percent in a day, BSE said in a circular.
The changes would be effective from tomorrow, it added.
Besides, other scrips that would attract a circuit filter of 20 percent are Shipping Corporation Of India Bharat Electronics, Container Corporation of India, National Aluminium Company.
The exchanges set the circuit filter of a stock as part of their surveillance mechanism in order avoid to excessive volatility in the particular share price.