Description
BSE revises price bands for 11 securities ranging from 2% to 20%, effective December 3, 2025, impacting trading volatility limits.
Summary
BSE has revised the price bands for 11 securities effective December 3, 2025. The price bands range from 2% to 20%, representing modifications from their existing levels. These changes are implemented as part of surveillance measures to control volatility and trading activity in these scrips.
Key Points
- 11 securities will have revised price bands effective December 3, 2025
- Price bands range from 2% (most restrictive) to 20% (least restrictive)
- Three scrips have the tightest 2% band: Milestone Furniture, Permanent Magnets, and Shikhar Consultants
- Four scrips have 5% bands: Gilada Finance, Infinity Infoway, Shining Tools, and South West Pinnacle Exploration
- Two scrips have 10% bands: Droneacharya Aerial Innovations and Parmeshwar Metal
- Two scrips have 10% bands: Shreeshay Engineers
- One scrip (Haryana Capfin) has the widest 20% band
- Trading members can contact bse.surv@bseindia.com for clarifications
Regulatory Changes
Price band revisions are regulatory tools used by the exchange to:
- Control excessive volatility in securities
- Prevent unusual price movements
- Protect investor interests through enhanced surveillance
- Manage market manipulation risks
The tighter bands indicate these securities are under enhanced surveillance measures.
Compliance Requirements
- Trading members must update their systems to reflect the new price bands
- All trades in these scrips must comply with the revised price limits from December 3, 2025
- Trading terminals and risk management systems should be configured accordingly
- Members should ensure order placement adheres to new band restrictions
Important Dates
- Notice Date: December 2, 2025
- Effective Date: December 3, 2025
Impact Assessment
Trading Impact:
- Reduced intraday volatility for affected securities
- Limited price discovery during high volatility periods
- Potential for circuit filter hits during significant news or events
- Reduced speculative trading activity
Liquidity Impact:
- Tighter bands (especially 2% and 5%) may reduce trading volumes
- Market makers and arbitrageurs face increased operational constraints
- Investors may experience difficulty in executing large orders at desired prices
Investor Impact:
- Enhanced price protection for retail investors
- Reduced risk of manipulation and artificial price movements
- May limit exit opportunities during adverse conditions
Market Sentiment: Price band tightening typically signals exchange concerns about specific securities and may indicate underlying issues with trading patterns, corporate developments, or surveillance findings.
Affected Securities Details
| Sr. No. | Scrip Code | Company Name | Revised Price Band |
|---|---|---|---|
| 1 | 543713 | Droneacharya Aerial Innovations Ltd | 10% |
| 2 | 538788 | Gilada Finance & Investments Ltd | 5% |
| 3 | 532855 | Haryana Capfin Ltd | 20% |
| 4 | 544567 | Infinity Infoway Ltd | 5% |
| 5 | 541337 | Milestone Furniture Ltd | 2% |
| 6 | 544330 | Parmeshwar Metal Ltd | 10% |
| 7 | 504132 | Permanent Magnets Ltd | 2% |
| 8 | 526883 | Shikhar Consultants Ltd | 2% |
| 9 | 544607 | Shining Tools Ltd | 5% |
| 10 | 541112 | Shreeshay Engineers Ltd | 10% |
| 11 | 543986 | South West Pinnacle Exploration Ltd | 5% |
Impact Justification
Price band changes directly affect trading volatility and liquidity for 11 securities. The significant tightening of bands (from existing levels to as low as 2%) indicates heightened surveillance and will restrict intraday price movements for these stocks.