Description

BSE announces revised price bands for 23 securities ranging from 2% to 20%, effective from November 19, 2025.

Summary

BSE has revised price bands for 23 equity securities effective November 19, 2025. The revised price bands range from 2% (most restrictive) to 20% (less restrictive), affecting daily price movement limits. The changes are part of BSE’s surveillance measures to manage volatility in specific scrips.

Key Points

  • 23 securities will have revised price bands effective November 19, 2025
  • Price bands range from 2% to 20%: 2 scrips at 2%, 7 scrips at 5%, 5 scrips at 10%, and 4 scrips at 20%
  • Most restrictive bands (2%): Hindustan Appliances Ltd and Jetmall Spices and Masala Ltd
  • Most lenient bands (20%): Game Changers Texfab Ltd, Kama Holdings Ltd, Parshva Enterprises Ltd, and Unipro Technologies Ltd
  • Changes apply to equity segment trading only
  • Members can contact bse.surv@bseindia.com for clarifications

Regulatory Changes

Price band modifications represent surveillance-driven regulatory interventions to control excessive volatility. The varying bands indicate different levels of concern:

  • 2% band: Maximum restriction on daily price movement
  • 5% band: High restriction (7 securities)
  • 10% band: Moderate restriction (5 securities)
  • 20% band: Standard restriction (4 securities)

Compliance Requirements

  • Trading members must implement revised price bands in their trading systems before market opening on November 19, 2025
  • All trades in affected securities must comply with new price band limits
  • Members should update risk management systems to reflect revised volatility limits
  • Contact BSE surveillance at bse.surv@bseindia.com for any implementation queries

Important Dates

  • Notice Date: November 18, 2025
  • Effective Date: November 19, 2025

Impact Assessment

Market Impact: Moderate - The revised price bands will limit daily price volatility in 23 securities, which may reduce speculative trading activity. Tighter bands (2%-5%) indicate heightened surveillance concerns and will significantly restrict price movements.

Trading Impact: Investors and traders in these securities will face stricter intraday price movement limits. Securities with 2% bands will have severely constrained trading ranges, potentially affecting liquidity.

Investor Impact: Long-term investors may not be significantly affected, but short-term traders and speculators will need to adjust strategies for these securities. The tighter bands suggest these securities are under enhanced surveillance, warranting caution.

Impact Justification

Moderate importance as price band changes affect trading volatility limits for 23 securities, with bands ranging from 2% to 20%, indicating varying levels of surveillance measures.