Description

BSE revises price bands for 19 scrips effective December 19, 2025, with bands ranging from 2% to 20% based on surveillance measures.

Summary

BSE has revised price bands for 19 equity scrips effective December 19, 2025. The revised bands range from 2% (tightest) to 20% (widest), reflecting different levels of surveillance measures. Trading members have been notified to ensure compliance with the new price movement limits.

Key Points

  • 19 scrips will have revised price bands effective December 19, 2025
  • Price bands range from 2% to 20% depending on the scrip
  • Tightest bands (2%): S.A.L. Steel Ltd and TVS Electronics Ltd
  • Widest bands (20%): Purple Wave Infocom Ltd and SKF India (Industrial) Ltd
  • Most scrips (8 out of 19) have 10% price bands
  • 5 scrips have 5% bands, and 3 have 10% bands
  • Clarifications can be sought at bse.surv@bseindia.com

Regulatory Changes

No new regulatory framework introduced. This represents operational implementation of existing surveillance measures through price band adjustments.

Compliance Requirements

  • Trading members must implement revised price bands from December 19, 2025
  • All trading systems must be updated to reflect new price movement limits
  • Members should monitor orders and trades to ensure compliance with revised bands
  • Any queries should be directed to BSE Surveillance at bse.surv@bseindia.com

Important Dates

  • Notice Date: December 18, 2025
  • Effective Date: December 19, 2025

Impact Assessment

Market Impact: Medium - The revised price bands will restrict intraday price movements for these 19 scrips, potentially reducing volatility and liquidity. Tighter bands (2%-5%) suggest enhanced surveillance concerns.

Trading Impact: Traders and investors in these scrips will face restricted price movements, with circuits triggering at lower thresholds. High-frequency and day traders may find reduced opportunities.

Scrip-Specific Impact:

  • Very tight bands (2%): S.A.L. Steel and TVS Electronics face severe trading restrictions
  • Moderate bands (5%): 5 scrips including Ambo Agritec, Bhatia Colour Chem, Epsom Properties, Omni AXs Software, and Pan Electronics
  • Standard bands (10%): 8 scrips indicating moderate surveillance
  • Relaxed bands (20%): Purple Wave Infocom and SKF India (Industrial) show easing of previous restrictions

Impact Justification

Price band revisions affect trading volatility controls for 19 scrips, indicating heightened surveillance. Impact is medium as these are mostly smaller-cap stocks with varying band tightening (2%-20%).