BSE Tweaks Circuit Limit for Jindal Stainless, 17 Others

New Delhi: Stock exchange BSE on Wednesday revised the circuit limit for the share movement of as many as 18 companies, including Jindal Stainless (Hisar) and Palred Technologies.

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 Thursday.

According to a BSE circular, the share price of Jindal Stainless can not change by more than 20 per cent in a day.

The stock exchange has set a limit of 10 per cent for five firms - Restile Ceramics, Associated Alcohols & Breweries, GRM Overseas, Palred Technologies and Accel Frontline.

A limit of 5 per cent has also been set for 10 companies - Delta Leasing & Finance, Filatex Fashions, Chambal Breweries & Distilleries, Premier Polyfilm, SPEL Semiconductor, Soma Textiles & Industries, Spentex Industries, Spenta International, Paramount Communications and JCT Electronics.

However, the limits for Meenakshi Enterprises and Vitan Agro Industries have 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 (18) scrips with effect from February 11, 2016," the bourse said.