Description

BSE revises price bands for 11 scrips including Arunjyoti Bio Ventures, Dharani Finance, Gujarat Investa, and others, with bands ranging from 2% to 10%, effective from October 14, 2025.

Summary

BSE has revised the price bands for 11 equity securities effective from October 14, 2025. The revised price bands range from 2% to 10%, replacing their existing levels. This surveillance measure is designed to control volatility and ensure orderly trading in these scrips.

Key Points

  • 11 scrips will have revised price bands effective October 14, 2025
  • Price bands revised to: 2%, 5%, or 10% depending on the scrip
  • Most restrictive band (2%) applied to 5 securities: Arunjyoti Bio Ventures, Gujarat Investa, Rajasthan Petro Synthetics, Rotographics (India), and Vashu Bhagnani Industries
  • Moderate band (5%) applied to 4 securities: Dharani Finance, Mahamaya Steel Industries, Orchasp, and Sabrimala Industries India
  • Wider band (10%) applied to 2 securities: Niraj Cement Structurals and Shiv Texchem
  • Trading members notified via Notice No 20251013-50
  • Clarifications can be sought at bse.surv@bseindia.com

Regulatory Changes

This circular implements revised price band restrictions as a surveillance measure under BSE’s market supervision framework. Price bands limit the maximum percentage change in a security’s price during a trading session, helping prevent excessive speculation and price manipulation.

Compliance Requirements

  • Trading members must ensure compliance with the revised price bands from October 14, 2025
  • Trading systems must be configured to enforce the new price band limits
  • Orders exceeding the revised price bands will be rejected
  • Members should communicate these changes to their clients trading in affected securities

Important Dates

  • Notice Date: October 13, 2025
  • Effective Date: October 14, 2025

Impact Assessment

Trading Impact: The revised price bands will restrict intraday price movements in these 11 securities, potentially reducing liquidity and trading volumes. Securities with 2% price bands face the most significant trading restrictions.

Investor Impact: Investors holding or trading these securities will experience limited price discovery and reduced ability to exit positions quickly during volatile market conditions. The tighter bands may also increase the number of trading days required to complete large transactions.

Market Sentiment: Price band revisions typically indicate heightened surveillance due to concerns about volatility, speculation, or market manipulation. This may signal caution to market participants regarding these securities.

Impact Justification

Price band revisions directly affect trading limits and liquidity for 11 securities, restricting daily price movements to prevent excessive volatility. Impact is moderate as it applies to smaller companies with tighter trading controls.