Description
BSE announces revised price bands for 28 scrips ranging from 2% to 20%, effective from October 24, 2025, impacting trading volatility limits.
Summary
BSE has revised price bands for 28 securities effective October 24, 2025. The price bands range from 2% to 20%, representing various levels of trading restrictions. This measure is part of BSE’s surveillance framework to control volatility and protect investors in securities that may exhibit unusual price movements or require enhanced monitoring.
Key Points
- Price band revisions effective from October 24, 2025
- 28 scrips impacted with bands ranging from 2% to 20%
- Nine securities have 2% price band (most restrictive)
- Eight securities have 20% price band
- Six securities have 10% price band
- Two securities have 5% price band
- Aplab Ltd has two scrip codes (517096 and 890217), both with 2% band
- Clarifications to be directed to bse.surv@bseindia.com
Regulatory Changes
Price bands limit the maximum price movement (up or down) allowed for a security during a trading session. The revised bands indicate:
2% Band (Most Restrictive): Aplab Ltd (both codes 517096, 890217), KMF Builders & Developers Ltd, Landmarc Leisure Corporation Ltd, Mcleod Russel India Ltd, Oswal Yarns Ltd, S.A.L. Steel Ltd, Sahara Housingfina Corporation Ltd, Sarthak Global Ltd, Spice Islands Industries Ltd, Vaghani Techno Build Ltd, VJTF Eduservices Ltd, Yash Trading & Finance Ltd
5% Band: GK Energy Ltd, Swati Projects Ltd
10% Band: Hindustan Appliances Ltd, Infinity Infoway Ltd, One Global Service Provider Ltd, Silicon Rental Solutions Ltd, Sirohia & Sons Ltd, Zelio E Mobility Ltd
20% Band: Advance Agrolife Ltd, Chiraharit Ltd, Mahip Industries Ltd, Om Freight Forwarders Ltd, Sunsky Logistics Ltd, Trade Wings Ltd, Valplast Technologies Ltd
Compliance Requirements
- Trading members must ensure all trades comply with the revised price bands from October 24, 2025
- Systems and risk management frameworks must be updated to reflect new price band limits
- Orders exceeding the applicable price band will be rejected
- Members should inform clients about the revised price bands for affected securities
- Any clarifications should be sought from bse.surv@bseindia.com
Important Dates
- Notice Date: October 23, 2025
- Effective Date: October 24, 2025
Impact Assessment
Market Impact: The imposition of tighter price bands on these 28 securities will significantly limit intraday price volatility. Securities with 2% bands will experience the most restricted trading, allowing only minimal price movement in either direction during a trading session.
Trading Impact: Reduced price bands typically indicate that these securities are under enhanced surveillance due to concerns about price manipulation, low liquidity, or other market integrity issues. Traders and investors should exercise caution as these restrictions may:
- Limit exit opportunities during adverse price movements
- Reduce liquidity further due to trading restrictions
- Signal underlying concerns about the security’s fundamentals or trading behavior
- Require multiple trading sessions to achieve significant price discovery
Investor Consideration: The wide variation in price bands (2% to 20%) suggests different levels of concern or risk profiles across these securities. Investors holding these stocks should be aware of the increased difficulty in executing large orders or responding quickly to market developments.
Impact Justification
Affects 28 securities with varying price band restrictions from 2% to 20%, indicating heightened surveillance measures that will limit daily price movements and trading volatility for these specific scrips