Description

BSE revises price bands for 37 scrips ranging from 1% to 20%, effective November 17, 2025, impacting trading volatility limits across multiple securities.

Summary

BSE has announced revised price bands for 37 securities effective November 17, 2025. The price bands range from 1% to 20%, replacing existing levels. This surveillance measure aims to control excessive volatility in these scrips by limiting daily price movement within specified percentage ranges.

Key Points

  • Total 37 securities affected across various sectors
  • New price bands range from 1% (most restrictive) to 20% (least restrictive)
  • 16 securities have 5% price band
  • 6 securities have 20% price band (Dalmia Bharat Sugar, Jay Bharat Maruti, Maharashtra Scooters, Naperol Investments, SIL Investments, Veerkrupa Jewellers)
  • 9 securities have 10% price band
  • 5 securities have 2% or lower bands (most restrictive)
  • Notice Number: 20251114-44
  • Queries to be directed to: bse.surv@bseindia.com

Regulatory Changes

Price band revisions represent enhanced surveillance measures for securities experiencing unusual price movements or requiring additional trading controls. The bands restrict daily price fluctuations to specified percentages from previous closing prices.

Securities by Price Band:

1% Band: Avishkar Infra Realty Ltd

2% Band: Bisil Plast Ltd

5% Band: Alan Scott Enterprises, Ambitious Plastomac Company, CHPL Industries, Daikaffil Chemicals India, E-Land Apparel, Hemo Organic, Hi-Klass Trading and Investment, IEC Education, India Homes, Jayabharat Credit, Kashyap Tele-Medicines, Omnitex Industries India, Parshwanath Corporation, Switching Technologies Gunther, Techknowgreen Solutions, Triliance Polymers, U. H. Zaveri, Valiant Communications, Virat Industries, Vivanza Biosciences

10% Band: Ginni Filaments, Neil Industries, Pro Fin Capital Services, TCM, Team India Guaranty, Trident Texofab, Tuni Textile Mills

20% Band: Dalmia Bharat Sugar and Industries, Ganga Pharmaceuticals, Jay Bharat Maruti, Maharashtra Scooters, Naperol Investments, SIL Investments, Sodhani Academy of Fintech Enablers, Veerkrupa Jewellers

Compliance Requirements

  • Trading members must ensure compliance with revised price bands from November 17, 2025
  • Orders exceeding the price band limits will be rejected
  • Trading systems must be updated to reflect new bands before the effective date
  • Members should communicate changes to clients trading in affected securities

Important Dates

  • Notice Date: November 14, 2025
  • Effective Date: November 17, 2025
  • Implementation: Start of trading on November 17, 2025

Impact Assessment

Market Impact: Medium - affects 37 securities with varying liquidity levels. Tighter price bands (1%-5%) will significantly restrict intraday volatility and may reduce liquidity in those scrips.

Trading Impact: Investors and traders in these securities will face limited price movement ranges. Securities with 1%-5% bands will have highly restricted trading ranges, potentially impacting exit strategies and arbitrage opportunities.

Investor Impact: Existing holders may experience reduced ability to exit positions quickly at desired prices. New investors should be aware of restricted volatility before entering positions.

Surveillance Rationale: Price band revisions typically indicate BSE’s concern about price manipulation, excessive speculation, or need for enhanced monitoring in these securities.

Impact Justification

Affects 37 securities with varying price band restrictions (1%-20%), impacting trading flexibility and volatility controls for these stocks effective in 3 trading days