Description

BSE revises price band percentages for 13 scrips including Alps Industries, Galada Power, Manaksia Steels, and Meesho among others, effective from December 24, 2025.

Summary

BSE has announced revision of price bands for 13 securities effective from December 24, 2025. The price bands range from 2% to 10% depending on the scrip, with most securities having tighter bands (2% or 5%). This change modifies the maximum allowable price fluctuation for these securities during trading sessions.

Key Points

  • Total 13 scrips affected by price band revisions
  • Effective date: December 24, 2025
  • Price bands revised to 2%, 5%, or 10% based on individual scrip assessment
  • Strictest band (2%): Alps Industries, Galada Power, Seshachal Technologies, SSPN Finance, Triton Corp
  • Moderate band (5%): Manaksia Steels, Meesho, Parshva Enterprises, Rachit Prints, Sonal Mercantile, TCI Finance
  • Widest band (10%): Octaware Technologies, PH Capital
  • Notice Number: 20251223-33
  • Queries to be directed to: bse.surv@bseindia.com

Regulatory Changes

The exchange has modified price band percentages from existing levels for surveillance purposes. Price bands restrict the maximum percentage change in stock price during a trading session, serving as a circuit breaker mechanism to prevent excessive volatility.

Compliance Requirements

  • Trading members must implement revised price bands in their trading systems before market opening on December 24, 2025
  • All orders and trades must comply with new price band limits from the effective date
  • Members requiring clarification should contact BSE Surveillance at bse.surv@bseindia.com

Important Dates

  • Notice Date: December 23, 2025
  • Effective Date: December 24, 2025

Impact Assessment

Market Impact: Traders and investors in these 13 securities will face stricter or modified intraday price movement limits. Securities with tighter bands (2%) will have limited price discovery within a single session, potentially requiring multiple days for significant price adjustments. This may impact liquidity and trading strategies for these stocks.

Operational Impact: Trading members must update their systems to reflect new price bands. Algorithmic trading systems and risk management tools need recalibration to account for revised circuit limits.

Investor Impact: Retail and institutional investors should be aware that intraday price movements will be capped at the new band percentages, which may affect order execution and exit strategies for volatile market conditions.

Impact Justification

Price band revisions affect trading volatility limits for 13 securities, impacting intraday price movement restrictions and trading strategies for these stocks.