Description

BSE revises price bands for 22 scrips including Swiggy, Waaree Energies, Premier Energies, Bajaj Holdings, and others, effective from December 31, 2025.

Summary

BSE has revised price bands for 22 securities effective from December 31, 2025. The changes include adjustments to price movement limits ranging from 2% to 20% across various scrips. Notable companies affected include Swiggy Ltd (10%), Waaree Energies Ltd (10%), Premier Energies Ltd (10%), Bajaj Holdings & Investment Ltd (10%), Cyient Ltd (20%), HFCL Ltd (20%), NCC Ltd (20%), and Titagarh Rail Systems Ltd (20%).

Key Points

  • Total 22 securities affected with revised price bands
  • Effective date: December 31, 2025
  • Price bands range from 2% to 20%
  • Most restrictive bands (2%): Aadi Industries Ltd and Shish Industries Ltd
  • Widest bands (20%): ANIRIT VENTURES Ltd, KRISHIVAL FOODS Ltd, Cyient Ltd, HFCL Ltd, NCC Ltd, and Titagarh Rail Systems Ltd
  • Recent IPO listings included: Swiggy Ltd and Waaree Energies Ltd both at 10%
  • Notice category: Trading - Equity Segment

Regulatory Changes

Revision of price band percentages from existing levels for the listed securities. Price bands determine the maximum percentage by which a security’s price can move up or down during a trading session. These changes are implemented under BSE’s surveillance framework to manage volatility and protect investor interests.

Compliance Requirements

  • Trading members must note the revised price bands for affected scrips
  • All trading systems must be updated to reflect new price band limits before market opening on December 31, 2025
  • Members requiring clarification should contact bse.surv@bseindia.com
  • Orders exceeding revised price band limits will be rejected by the trading system

Important Dates

  • Notice Date: December 30, 2025
  • Effective Date: December 31, 2025
  • Implementation applies from market opening on the effective date

Impact Assessment

Market Impact: Medium - The revised price bands will directly affect intraday trading volatility and price discovery for these 22 securities. Tighter bands (2%-5%) will restrict price movements and may increase circuit filter hits, while wider bands (20%) allow greater price fluctuation.

Trading Impact: Traders and investors in these securities need to adjust their strategies based on new price movement limits. Narrower bands may reduce intraday trading opportunities, while wider bands increase risk exposure.

Specific Stock Categories:

  • High volatility allowance (20%): Infrastructure (NCC), Telecom (HFCL), Engineering (Cyient, Titagarh Rail), Food processing (KRISHIVAL FOODS)
  • Standard allowance (10%): Major recent listings (Swiggy, Waaree Energies, Premier Energies), Financial services (Bajaj Holdings)
  • Restricted movement (2%-5%): Smaller cap companies with heightened surveillance

The inclusion of prominent recent IPOs like Swiggy and Waaree Energies suggests regulatory focus on managing volatility in newly listed securities during their price discovery phase.

Impact Justification

Moderate importance as price band changes affect trading volatility limits for 22 securities including prominent recent listings like Swiggy and Waaree Energies. Impacts intraday price movement restrictions but does not fundamentally alter trading operations.