Description

BSE revises price bands for 15 securities including Tata Motors Ltd (to 20%), Allcargo Logistics Ltd (to 20%), and others, effective November 26, 2025.

Summary

BSE has announced revisions to price bands for 15 securities effective November 26, 2025. The changes range from 2% to 20% bands, with Tata Motors Ltd and Allcargo Logistics Ltd receiving the widest 20% bands. Most securities receive tighter bands between 2-10%, indicating varying levels of surveillance and volatility control measures.

Key Points

  • 15 securities will have revised price bands effective November 26, 2025
  • Tata Motors Ltd and Allcargo Logistics Ltd receive 20% price bands (widest)
  • Four securities receive 2% bands (tightest): CHPL Industries, MRC Agrotech, SAB Events & Governance, and Svarnim Trade Udyog
  • Five securities receive 10% bands: Astec Lifesciences, M P K Steels, Olatech Solutions, Regal Entertainment, and TCM
  • Five securities receive 5% bands: Bil Vyapar, Gopal Iron & Steels, Pro Fin Capital Services, Vuenow Infratech
  • Notice Number: 20251125-39
  • Clarifications can be sent to: bse.surv@bseindia.com

Regulatory Changes

The price band revisions are surveillance measures implemented by BSE to control volatility and protect investors. Tighter price bands (2-5%) restrict daily price movement, while wider bands (20%) allow greater price discovery. These changes reflect BSE’s assessment of volatility risk and market conditions for each security.

Compliance Requirements

  • Trading members must implement revised price bands in their systems before market opening on November 26, 2025
  • All orders must comply with the new price band limits
  • Members should communicate changes to clients trading in affected securities
  • Any clarifications required should be directed to bse.surv@bseindia.com

Important Dates

  • Notice Date: November 25, 2025
  • Effective Date: November 26, 2025

Impact Assessment

Trading Impact: The revised price bands will directly affect intraday trading limits for all 15 securities. Tighter bands (2-5%) will significantly restrict price movement for 10 securities, potentially reducing liquidity and making it harder for large orders to execute. The 20% band for Tata Motors suggests normal trading conditions.

Market Participants: Day traders and algorithmic traders will need to adjust strategies for securities with tighter bands. Investors in smaller companies (those with 2-5% bands) may experience reduced liquidity and slower price discovery.

Surveillance Context: The varying band widths suggest differentiated surveillance concerns - tighter bands typically indicate heightened volatility concerns, unusual price movements, or market integrity issues requiring closer monitoring.

Impact Justification

Price band changes affect trading limits and volatility for 15 securities. The inclusion of Tata Motors with a 20% band revision increases impact, while most other securities are smaller companies with tighter bands (2-10%), indicating heightened surveillance measures.