Description

BSE revises price bands for 16 securities with effect from December 16, 2025, implementing tighter price controls ranging from 2% to 20% daily limits.

Summary

BSE has revised price bands for 16 securities effective December 16, 2025. The revised price bands range from 2% to 20%, representing tightened surveillance measures. These changes will restrict the maximum daily price movement allowed for the affected securities, with Transchem Ltd facing the tightest control at 2% and Ranjit Securities Ltd and SSMD Agrotech India Ltd having the widest band at 20%.

Key Points

  • 16 securities subject to revised price bands effective December 16, 2025
  • Price band restrictions range from 2% (tightest) to 20% (widest)
  • Two securities restricted to 2% price band: Transchem Ltd
  • Four securities set at 5% price band: Anna Infrastructures, Embassy Developments, Galaxy Cloud Kitchens, Lotus Eye Hospital, Seshachal Technologies, Rapid Multimodal Logistics, Suyog Gurbaxani Funicular Ropeways, and Valiant Communications
  • Five securities set at 10% price band: Amkay Products, Maha Rashtra Apex Corporation, Mansi Finance, TV Vision, and Vipul Ltd
  • Two securities set at 20% price band: Ranjit Securities and SSMD Agrotech India
  • Changes implemented as surveillance measure to control volatility

Regulatory Changes

BSE is implementing tighter price band controls on these securities under its surveillance framework. Price bands limit the maximum percentage change in stock price during a trading session, serving as circuit breakers to prevent excessive volatility. The varying levels (2%, 5%, 10%, 20%) indicate different degrees of surveillance concern for each security.

Compliance Requirements

  • Trading members must ensure compliance with revised price bands from December 16, 2025
  • All orders must be placed within the new price band limits
  • Trading systems should be updated to reflect the new price band restrictions
  • Members can seek clarification by writing to bse.surv@bseindia.com

Important Dates

  • Notice Date: December 15, 2025
  • Effective Date: December 16, 2025 - Revised price bands become applicable

Impact Assessment

Market Impact: The revised price bands will significantly restrict intraday price movements for these 16 securities. Transchem Ltd faces the most restrictive control at 2%, severely limiting trading volatility. Securities under 5% bands will experience substantial trading restrictions compared to normal market conditions.

Liquidity Impact: Tighter price bands typically reduce liquidity as the restricted price range may prevent natural price discovery and limit trading opportunities. Market makers and traders may face challenges in executing large orders.

Investor Impact: Investors in these securities will experience limited ability to exit or enter positions at desired prices during volatile market conditions. The restrictions suggest these securities are under enhanced surveillance, potentially indicating concerns about price manipulation, low liquidity, or unusual trading patterns.

Trading Strategy Impact: Day traders and short-term investors will be most affected, as the reduced price movement limits profit potential from intraday volatility.

Impact Justification

Price band revisions affect trading liquidity and investor activity in 16 securities, primarily implementing tighter controls (2%-20% bands) which restricts price movement and trading flexibility for these stocks.