Description
BSE has revised price bands for 13 scrips including ARCL Organics, B.C. Power Controls, and Welspun Investments, with bands ranging from 2% to 20%, effective from November 18, 2025.
Summary
BSE has announced revisions to price bands for 13 securities effective November 18, 2025. The price bands vary from 2% to 20%, with the most significant change being Welspun Investments and Commercials Ltd moving to a 20% price band. This surveillance measure restricts the maximum daily price movement allowed for these scrips to help control volatility and protect investor interests.
Key Points
- 13 scrips will have revised price bands effective November 18, 2025
- Price bands range from 2% (most restrictive for intraday movement) to 20% (least restrictive)
- Three securities have 2% price band: Chandni Machines, Mrugesh Trading, and Soma Textiles & Industries
- Welspun Investments and Commercials Ltd has the widest band at 20%
- Two securities (Jhandewalas Foods and Pioneer Investcorp) have 10% bands
- Remaining eight securities have 5% price bands
- Changes are part of BSE’s surveillance measures to manage market volatility
Regulatory Changes
This circular implements price band adjustments as a surveillance mechanism. Price bands limit the percentage change in stock price from the previous closing price during a trading session. Tighter bands (2%-5%) indicate higher regulatory scrutiny and restrict price volatility, while wider bands (10%-20%) allow greater price discovery.
Compliance Requirements
- Trading members must ensure all trades in the affected scrips comply with the revised price bands from November 18, 2025
- Orders placed beyond the applicable price band limits will be rejected by the trading system
- Members should update their risk management systems and inform clients about the revised price bands
- For clarifications, members may contact BSE Surveillance at bse.surv@bseindia.com
Important Dates
- Notice Date: November 17, 2025
- Effective Date: November 18, 2025
Impact Assessment
Market Impact: The revised price bands will directly affect trading activity and liquidity in these 13 scrips. Tighter bands (2%-5%) suggest these securities are under enhanced surveillance, potentially due to abnormal price movements or low liquidity. This may reduce speculative trading but could also impact genuine price discovery.
Investor Impact: Investors holding or trading these securities will experience restricted price movement within a single trading session. This protects against extreme volatility but may require multi-day strategies to achieve desired position sizes or exits.
Specific Concerns:
- Securities with 2% bands (Chandni Machines, Mrugesh Trading, Soma Textiles) face the strictest trading restrictions
- Welspun Investments’ 20% band, while wider, still indicates it requires surveillance monitoring
- The changes suggest BSE is actively managing volatility concerns across these small and mid-cap securities
Detailed List of Affected Securities
| Sr. No. | Scrip Code | Company Name | Revised Price Band |
|---|---|---|---|
| 1 | 543993 | ARCL Organics Ltd | 5% |
| 2 | 537766 | B.C. Power Controls Ltd | 5% |
| 3 | 542627 | Chandni Machines Ltd | 2% |
| 4 | 543324 | Gretex Corporate Services Ltd | 5% |
| 5 | 540850 | Jhandewalas Foods Ltd | 10% |
| 6 | 543934 | Machhar Industries Ltd | 5% |
| 7 | 538401 | Maestros Electronics & Telecommunications Systems Ltd | 5% |
| 8 | 512065 | Mrugesh Trading Ltd | 2% |
| 9 | 543207 | Natural Biocon (India) Ltd | 5% |
| 10 | 507864 | Pioneer Investcorp Ltd | 10% |
| 11 | 521034 | Soma Textiles & Industries Ltd | 2% |
| 12 | 530579 | U. Y. Fincorp Ltd | 5% |
| 13 | 533252 | Welspun Investments and Commercials Ltd | 20% |
Impact Justification
Affects trading volatility limits for 13 securities. Price band changes restrict daily price movements, impacting liquidity and trading strategies for affected stocks. Welspun Investments has significant 20% band revision.