Description

BSE has revised the price band for 35 scrips effective December 02, 2025, with bands ranging from 2% to 20% based on surveillance measures.

Summary

BSE has revised the price band for 35 scrips with effect from December 02, 2025. The revised price bands range from 2% to 20%, representing various levels of trading restrictions based on surveillance measures. This circular affects equity segment trading members and modifies the existing price band levels for the listed securities.

Key Points

  • 35 scrips will have revised price bands effective December 02, 2025
  • Price bands range from 2% (most restrictive) to 20% (least restrictive)
  • Most securities (23 out of 35) have been assigned a 5% price band
  • 4 securities have the tightest 2% price band: Bansisons Tea Industries, Gujarat Raffia Industries, Sarup Industries, and Sizemasters Technology
  • 2 securities have the widest 20% price band: Mahamaya Lifesciences and Workmates Core2Cloud Solution
  • 2 securities have 10% price band: Bandaram Pharma Packtech and Star Housing Finance
  • Members can seek clarifications at bse.surv@bseindia.com

Regulatory Changes

The Exchange has revised price bands from their existing levels as a surveillance measure. Price bands limit the maximum price movement (both upward and downward) allowed for a security in a single trading session. Tighter price bands (2-5%) indicate heightened surveillance and reduced trading flexibility, while wider bands (10-20%) allow more price discovery.

Compliance Requirements

  • Trading members must enforce the revised price bands in their trading systems from December 02, 2025
  • All orders and trades must comply with the new price band limits
  • Members requiring clarification should contact the Surveillance department at bse.surv@bseindia.com

Important Dates

  • Circular Date: December 01, 2025
  • Effective Date: December 02, 2025

Impact Assessment

The revised price bands will impact trading liquidity and volatility for the 35 affected securities. Tighter price bands (2-5%) restrict intraday price movements, potentially reducing volatility but also limiting price discovery and liquidity. Securities with 2% bands face the most stringent restrictions, suggesting they are under enhanced surveillance measures. The 20% band for two securities indicates relatively normal trading conditions. Traders and investors in these securities should adjust their trading strategies to account for the reduced daily price movement limits.

Impact Justification

Price band revisions affect trading flexibility for 35 securities, with tighter bands indicating heightened surveillance but limited to smaller/mid-cap stocks with potentially lower trading volumes.