Leading stock exchanges BSE and NSE have revised price bands for several companies, including InterGlobe Aviation Ltd which operates India's largest airline IndiGo
Mumbai: Leading stock exchanges BSE and NSE have revised price bands for several companies, including InterGlobe Aviation Ltd which operates India's largest airline IndiGo.
The exchanges have raised the circuit limit for InterGlobe Aviation to 20 per cent from the current limit of 10 per cent.
Individually, BSE has revised the price bands for 346 companies, while the National Stock Exchange changed limits for as many as 140 securities.
Besides, the circuit limits have also been increased for Paramount Communications (10 per cent), Provogue (India) (10 per cent) and Shipping Corporation Of India (20 per cent), on both the exchanges.
The new price bands would be effective from today.
Meanwhile, NSE has not given a price band to as many as 175 companies.
Among companies that would not attract any circuit limit are Reliance Industries, HDFC Bank, ICICI Bank, Indian Oil, ITC, Lupin and Maruti Suzuki India.
The listed-securities are assigned a daily price band of either 20 per cent, 10 per cent, 5 per cent or 2 per cent, based on the pre-decided joint criteria. These are the maximum permissible limits within which share price can move.