Description

BSE revises price bands for 30 securities across various percentages (1%, 2%, 5%, 10%, 20%) effective from January 5, 2026 as part of surveillance measures.

Summary

BSE has revised price bands for 30 securities effective from January 5, 2026. The revised price bands range from 1% to 20%, replacing existing levels. This is a surveillance measure to control excessive volatility in these securities. Trading members are required to ensure compliance with the new price band limits.

Key Points

  • 30 securities subject to revised price bands effective January 5, 2026
  • Price bands revised to: 1% (1 scrip), 2% (3 scrips), 5% (10 scrips), 10% (7 scrips), 20% (9 scrips)
  • Most restrictive bands of 1% and 2% applied to Nutricircle Ltd, Octaware Technologies Ltd, Shri Keshav Cements, and Sri Chakra Cement
  • Widest band of 20% for 9 securities including Bharat Gears, Manaksia Aluminium, Patron Exim, Pulsar International, and Stanbik Agro
  • Notice issued by BSE Surveillance Department on January 2, 2026
  • Clarifications to be directed to bse.surv@bseindia.com

Regulatory Changes

Price band mechanism acts as a circuit breaker limiting the percentage by which a stock price can move up or down in a single trading day from the previous closing price. The revision represents enhanced surveillance measures for these specific securities, likely due to unusual price movements or volatility concerns.

Compliance Requirements

  • Trading members must enforce revised price band limits from January 5, 2026
  • All orders and trades must comply with new percentage limits
  • Members should update their trading systems to reflect revised bands
  • Any clarifications required should be addressed to BSE surveillance email before effective date

Important Dates

  • Notice Date: January 2, 2026
  • Effective Date: January 5, 2026 (Sunday)
  • Applicable From: First trading day on or after January 5, 2026

Impact Assessment

Trading Impact: Securities with tighter price bands (1%-5%) will experience restricted price movement, potentially reducing intraday volatility but may also impact liquidity. Traders and investors in these 30 securities need to adjust strategies accordingly.

Market Participants Affected: Retail and institutional investors holding or trading these securities, trading members executing orders, market makers, and algorithmic trading systems.

Liquidity Considerations: Tighter price bands may lead to more frequent circuit breaker hits, causing trading halts and reduced liquidity during volatile sessions. Securities with 1-2% bands (Nutricircle, Octaware, Shri Keshav Cements, Sri Chakra Cement) will be most constrained.

Surveillance Rationale: The varied price bands suggest differentiated risk assessment by BSE surveillance, with tighter bands likely applied to securities exhibiting higher volatility or unusual trading patterns.

Impact Justification

Affects 30 securities with tightened price bands as surveillance measure, restricting daily price movement range which impacts trading liquidity and volatility for affected stocks