Description

BSE announces revised price band percentages for 8 securities including BCL Enterprises, Getalong Enterprise, L. T. Elevator, Natura Hue Chem, Norben Tea & Exports, Shipwaves Online, Soma Textiles & Industries, and Unisem Agritech, effective from January 1, 2026.

Summary

BSE has revised price bands for 8 securities effective January 1, 2026. The revisions include both tightening and relaxing of price band limits, ranging from 2% (most restrictive) to 20% (less restrictive). Trading members are required to note these changes for trade execution and risk management purposes.

Key Points

  • 8 securities subject to revised price bands effective January 1, 2026
  • BCL Enterprises Ltd: 5% price band
  • Getalong Enterprise Ltd: 5% price band
  • L. T. Elevator Ltd: 5% price band
  • Natura Hue Chem Ltd: 2% price band (most restrictive)
  • Norben Tea & Exports Ltd: 2% price band (most restrictive)
  • Shipwaves Online Ltd: 10% price band
  • Soma Textiles & Industries Ltd: 2% price band (most restrictive)
  • Unisem Agritech Ltd: 20% price band (most relaxed)
  • Notice issued by BSE Surveillance Department

Regulatory Changes

Price band mechanisms serve as circuit breakers to control excessive volatility in securities trading. The revised bands indicate different levels of surveillance:

  • 2% band (Natura Hue Chem, Norben Tea & Exports, Soma Textiles): Strictest control, limiting daily price movement to ±2%
  • 5% band (BCL Enterprises, Getalong Enterprise, L. T. Elevator): Moderate control
  • 10% band (Shipwaves Online): Standard control
  • 20% band (Unisem Agritech): Relaxed control, allowing wider price movement

Compliance Requirements

  • Trading members must update their trading systems to reflect new price band limits
  • All trades in affected securities must comply with revised price bands from January 1, 2026
  • Members should contact bse.surv@bseindia.com for clarifications
  • Risk management systems must be recalibrated for affected securities

Important Dates

  • Notice Date: December 31, 2025
  • Effective Date: January 1, 2026

Impact Assessment

Market Impact: The revised price bands will affect intraday trading volatility for the 8 specified securities. Tighter bands (2%) may reduce liquidity and increase rejection of orders outside the band, while the 20% band for Unisem Agritech allows for greater price discovery.

Trading Impact: Traders and market makers need to adjust their strategies and order placement systems. Securities with 2% bands will have limited arbitrage opportunities and may experience order queuing at band limits.

Surveillance Rationale: The varying levels of price bands suggest different risk profiles - securities with tighter bands may be under enhanced surveillance due to concerns about manipulation, volatility, or other market integrity issues.

Impact Justification

Price band revisions affect trading volatility controls for 8 securities. Changes range from 2% to 20% bands, indicating varying levels of surveillance measures. Medium impact as it affects trading limits but limited to specific securities.