Description

BSE announces revised price bands for 24 scrips including CarTrade Tech, Ladderup Finance, and Mittal Sections, effective from October 30, 2025.

Summary

BSE has revised price bands for 24 securities effective from October 30, 2025. The changes include tightening or widening of circuit limits ranging from 2% to 20% across various scrips. Notable changes include CarTrade Tech Ltd moving to 10% band, Ladderup Finance Ltd to 10%, and two scrips (DELPHI WORLD MONEY LIMITED and MANGALAM INDUSTRIAL FINANCE LIMITED) set at 20% bands, indicating higher volatility allowance.

Key Points

  • 24 securities will have revised price bands from October 30, 2025
  • Price bands range from 2% (most restrictive) to 20% (least restrictive)
  • 7 securities have 2% price bands: Hamps Bio, Jainco Projects, Kalpa Commercial, Norben Tea, Prozone Realty, Sea TV Network, Shree Pacetronix, and South India Paper Mills
  • 9 securities have 5% price bands including A-1 Ltd, Ameenji Rubber, Chandni Machines, Infobeans Technologies, Lypsa Gems, Nureca, Om Metallogic, Response Informatics, Restile Ceramics, Symbiox Investment, and Trejhara Solutions
  • 3 securities have 10% price bands: CarTrade Tech, Ladderup Finance, and Mittal Sections
  • 2 securities have 20% price bands: DELPHI WORLD MONEY LIMITED and MANGALAM INDUSTRIAL FINANCE LIMITED
  • Changes are surveillance measures to control volatility

Regulatory Changes

The exchange has exercised its surveillance authority to modify price bands from existing levels. Price bands are circuit filters that limit the maximum price movement allowed for a security during a trading session. Tighter bands (2-5%) indicate securities under stricter surveillance, while wider bands (20%) allow greater price discovery but may signal higher risk or volatility profiles.

Compliance Requirements

  • Trading members must note the revised price bands for the 24 affected securities
  • Orders placed beyond the revised price band limits will be rejected
  • Members should update their risk management systems to reflect new circuit limits
  • Any clarifications should be directed to bse.surv@bseindia.com

Important Dates

  • Circular Date: October 29, 2025
  • Effective Date: October 30, 2025
  • The revised price bands will be applicable from the start of trading on October 30, 2025

Impact Assessment

Trading Impact: The price band revisions will directly affect intraday trading strategies, particularly for day traders and algorithmic trading systems. Securities with tighter 2% bands will have limited price movement, reducing speculation but also potentially impacting liquidity. Securities like DELPHI WORLD MONEY LIMITED and MANGALAM INDUSTRIAL FINANCE LIMITED with 20% bands suggest either higher volatility expectations or less restrictive surveillance.

Investor Impact: Retail and institutional investors should be aware that stop-loss orders and target prices may need adjustment based on the new circuit limits. Securities with tighter bands (2-5%) may experience frequent circuit hits during volatile sessions, potentially preventing order execution at desired prices.

Market Significance: The presence of multiple securities with restrictive 2-5% bands indicates ongoing surveillance concerns, possibly related to price volatility, corporate actions, or compliance issues. Investors should exercise caution and conduct additional due diligence on these securities.

Impact Justification

Price band changes affect daily trading limits for 24 securities, with bands ranging from 2% to 20%, impacting intraday volatility and trading strategies for these stocks.