Description

BSE revises price bands for 16 scrips including SKF India Ltd (20%), STAR HOUSING FINANCE LIMITED (20%), and 14 other securities, effective October 31, 2025.

Summary

BSE has revised price bands for 16 securities effective October 31, 2025. The changes range from restrictive 2% bands to more liberal 20% bands, reflecting varying levels of surveillance measures. Trading members are required to implement these revised price bands from the effective date.

Key Points

  • Price bands revised for 16 scrips across different sectors
  • Changes effective from October 31, 2025
  • Price bands range from 2% (most restrictive) to 20% (least restrictive)
  • Two securities (SKF India Ltd and STAR HOUSING FINANCE LIMITED) assigned 20% bands
  • Two securities (Explicit Finance Ltd and Natura Hue Chem Ltd) assigned most restrictive 2% bands
  • Notice issued by BSE Surveillance Department
  • Trading members must implement changes on the effective date

Securities and Revised Price Bands

20% Price Band

  • SKF India Ltd (500472)
  • STAR HOUSING FINANCE LIMITED (751042)

10% Price Band

  • Bhagyanagar India Ltd (512296)
  • Lancer Container Lines Ltd (539841)
  • MAGNUS STEEL AND INFRA LIMITED (751046)
  • Sugal & Damani Share Brokers Ltd (511654)
  • TeleCanor Global Ltd (530595)

5% Price Band

  • Classic Filaments Ltd (540310)
  • Jattashankar Industries Ltd (514318)
  • Mahip Industries Ltd (542503)
  • Rapicut Carbides Ltd (500360)
  • Sheshadri Industries Ltd (539111)
  • Solvex Edibles Ltd (544539)
  • Unified Data Tech Solutions Ltd (544406)

2% Price Band (Most Restrictive)

  • Explicit Finance Ltd (530571)
  • Natura Hue Chem Ltd (531834)

Regulatory Changes

BSE Surveillance Department has exercised its authority to modify price bands as part of ongoing market surveillance measures. Price bands serve as circuit breakers limiting intraday price movements to protect investors from excessive volatility.

Compliance Requirements

  • Trading members must update their systems to reflect revised price bands
  • Changes must be implemented before market opening on October 31, 2025
  • All trading in these scrips must adhere to new price band limits
  • Members requiring clarifications should contact bse.surv@bseindia.com

Important Dates

  • Notice Date: October 30, 2025
  • Effective Date: October 31, 2025
  • Implementation Deadline: Before market opening on October 31, 2025

Impact Assessment

Market Impact: The price band revisions will directly affect trading dynamics for these 16 securities. Tighter bands (2% and 5%) indicate heightened surveillance concerns and will restrict intraday price movements, potentially reducing liquidity and volatility. Wider bands (20%) for SKF India and STAR HOUSING FINANCE suggest normalized trading conditions.

Investor Impact: Traders and investors in these securities must adjust their strategies to accommodate the new price limits. Day traders may find opportunities limited in securities with 2% bands, while those with 20% bands offer more trading flexibility.

Operational Impact: Trading members must ensure their risk management systems and order entry platforms are updated to prevent orders outside the new price bands, avoiding trade rejections and compliance issues.

Impact Justification

Price band changes affect trading dynamics for 16 securities. Notable inclusions are SKF India Ltd and STAR HOUSING FINANCE LIMITED with 20% bands. Changes take effect October 31, 2025, impacting trading limits and investor strategies.