NSE revises price bands for 230 stocks effective today
MUMBAI: NSE has revised the price bands for 230 stocks with effect from Friday. Of these, the bands for 128 stocks were raised to 20%, including 10 stocks that moved directly from 5% to 20% such as Basilic Fly Studio, HT Media, Jubilant Agri and Consumer Products, and Iris Business Services.
Another 90 stocks will see their price band revised to 10% from 5%. Price bands are generally widened when manipulation risk is lower, surveillance flags are removed or liquidity improves, and tightened when volatility is high and liquidity weak. Separately, the price band for 10 stocks has been reduced to 5%, including TVS Electronics and Global Education — both cut from 20% to 5%. Cura Technologies’ band has been reduced further, from 5% to 2%.
With this change, 2,275 of 3,060 listed stocks will trade with a 20% band, while 375 stocks will remain at 5%, effective Friday.
Another 90 stocks will see their price band revised to 10% from 5%. Price bands are generally widened when manipulation risk is lower, surveillance flags are removed or liquidity improves, and tightened when volatility is high and liquidity weak. Separately, the price band for 10 stocks has been reduced to 5%, including TVS Electronics and Global Education — both cut from 20% to 5%. Cura Technologies’ band has been reduced further, from 5% to 2%.
With this change, 2,275 of 3,060 listed stocks will trade with a 20% band, while 375 stocks will remain at 5%, effective Friday.
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