Description

BSE has revised price bands for 35 securities ranging from 2% to 20%, effective November 24, 2025. Most securities will have a 5% price band.

Summary

BSE has announced revised price bands for 35 securities effective from November 24, 2025. The price bands range from 2% to 20%, with the majority of securities (27 out of 35) being assigned a 5% price band. This revision indicates enhanced surveillance measures for these scrips.

Key Points

  • 35 securities will have revised price bands effective November 24, 2025
  • 27 securities revised to 5% price band
  • 4 securities revised to 10% price band (CLN Energy, Colorchips New Media, Eighty Jewellers, Viji Finance)
  • 1 security revised to 20% price band (Athena Constructions)
  • 1 security revised to 2% price band (UTL Industries - most restrictive)
  • Notice issued by Surveillance Department
  • Notice Number: 20251121-56
  • Contact email for clarifications: bse.surv@bse india.com

Regulatory Changes

This circular implements price band revisions as part of BSE’s surveillance mechanism. Price bands are circuit filters that limit price movement of securities within a trading day. Tighter price bands (lower percentages) indicate enhanced surveillance and restrict price volatility.

Compliance Requirements

  • Trading members must note the revised price bands effective November 24, 2025
  • All trades in the affected securities must comply with the new price band limits
  • Trading systems should be updated to reflect the revised price bands before the effective date
  • Members requiring clarifications should contact bse.surv@bseindia.com

Important Dates

  • Notice Date: November 21, 2025
  • Effective Date: November 24, 2025

Impact Assessment

Market Impact: The revision affects 35 securities, mostly small and mid-cap stocks. The predominantly restrictive 5% bands suggest these securities are under enhanced surveillance, likely due to volatility concerns or other risk factors.

Trading Impact: Tighter price bands will limit intraday price movements, reducing volatility but also potentially impacting liquidity. The 2% band on UTL Industries is particularly restrictive.

Investor Impact: Investors in these securities will experience limited price movement capabilities during trading sessions, which may affect trading strategies and exit opportunities for large positions.

Impact Justification

Affects 35 securities with revised trading bands. Most stocks moving to restrictive 5% bands, indicating enhanced surveillance. Limited to specific scrips, not market-wide.