Description
BSE revises price bands for six securities including AIK Pipes and Polymers, Asarfi Hospital, Piramal Finance, Securekloud Technologies, Synthiko Foils, and True Colors.
Summary
BSE has announced revisions to price bands for six scrips effective from November 21, 2025. The changes include both relaxations and restrictions, with Piramal Finance receiving the widest band at 20% and Synthiko Foils receiving the tightest at 2%. These adjustments are part of BSE’s surveillance measures to manage market volatility and trading behavior in these securities.
Key Points
- Six scrips affected by price band revisions
- Changes effective from November 21, 2025
- Price bands range from 2% (most restrictive) to 20% (most relaxed)
- Piramal Finance receives the widest price band at 20%
- Synthiko Foils receives the most restrictive band at 2%
- Trading members notified through Notice No 20251120-37
Regulatory Changes
Revised Price Bands:
- AIK Pipes and Polymers Ltd (Scrip Code: 544072) - 10% price band
- Asarfi Hospital Ltd (Scrip Code: 543943) - 5% price band
- Piramal Finance Ltd (Scrip Code: 544597) - 20% price band
- Securekloud Technologies Ltd (Scrip Code: 512161) - 10% price band
- Synthiko Foils Ltd (Scrip Code: 513307) - 2% price band
- True Colors Ltd (Scrip Code: 544531) - 5% price band
These revisions replace the existing price bands for these securities.
Compliance Requirements
- Trading members must implement the revised price bands from November 21, 2025
- All trades in the affected scrips must comply with the new price band limits
- Trading members should update their systems to reflect the new price bands
- For clarifications, members may contact BSE Surveillance at bse.surv@bseindia.com
Important Dates
- Notice Date: November 20, 2025
- Effective Date: November 21, 2025
Impact Assessment
Market Impact: The revision affects trading dynamics across six securities with varying degrees of restriction. Piramal Finance gains increased trading flexibility with a 20% band, potentially allowing for greater price discovery. Conversely, Synthiko Foils faces the most restrictive 2% band, indicating heightened surveillance concerns and limited intraday volatility.
Trading Impact: Market participants must adjust their trading strategies, particularly for Synthiko Foils where the tight 2% band significantly limits intraday price movements. The diverse range of bands (2% to 20%) suggests individualized surveillance assessments based on each scrip’s specific circumstances.
Investor Impact: Investors in these scrips should be aware of the modified price movement limits. Tighter bands may reduce liquidity and impact order execution, while wider bands allow for greater price flexibility but potentially higher volatility.
Impact Justification
Price band changes affect trading flexibility and volatility for the specified scrips. Mixed impact with both tightening (2% for Synthiko Foils) and relaxation (20% for Piramal Finance) of bands.