Description

BSE revises price bands for 95 securities with effect from August 11, 2025, with bands ranging from 2% to 20%.

Summary

BSE has revised price bands for 95 equity securities effective August 11, 2025. The revised price bands range from 2% to 20%, indicating varying levels of surveillance measures applied to these securities. Most securities have been assigned a 5% price band, while some have stricter bands of 2% and others have more relaxed bands up to 20%.

Key Points

  • 95 securities will have revised price bands effective August 11, 2025
  • Price bands range from 2% (most restrictive) to 20% (least restrictive)
  • Majority of securities (67 out of 95) assigned 5% price band
  • 4 securities assigned 2% price band (India Lease Development Ltd, Norben Tea & Exports Ltd, Swagtam Trading & Services Ltd, Times Guaranty Ltd)
  • 13 securities assigned higher bands of 10% or 20%
  • Changes apply to equity segment trading

Regulatory Changes

Price band revisions represent surveillance measures to control excessive volatility in specific securities. The differentiated approach suggests risk-based categorization based on trading patterns, volatility, and other market factors.

Compliance Requirements

  • Trading members must implement revised price bands from August 11, 2025
  • All equity trading in mentioned securities must adhere to new price band limits
  • Members can seek clarifications at bse.surv@bseindia.com

Important Dates

  • Effective Date: August 11, 2025
  • Notice Date: August 8, 2025

Impact Assessment

The price band changes will impact trading dynamics for these securities by:

  • Limiting intraday price movements within specified ranges
  • Potentially reducing volatility and speculative trading
  • Affecting liquidity depending on the restrictiveness of the band
  • Securities with 2% bands face the most restrictive trading conditions
  • Securities with 20% bands have relatively more trading flexibility

Impact Justification

Price band changes affect trading volatility and liquidity for 95 securities, indicating enhanced surveillance measures