Description
BSE announces revised price bands for 23 securities ranging from 2% to 20%, effective from January 8, 2026, impacting trading limits for these stocks.
Summary
BSE has revised the price bands for 23 securities effective from January 8, 2026. The revised price bands range from 2% to 20%, replacing their existing levels. This circular issued by BSE Surveillance department modifies the maximum permissible intraday price movement for the listed securities.
Key Points
- 23 securities will have revised price bands effective January 8, 2026
- Price band revisions range from 2% (most restrictive) to 20% (least restrictive)
- Most securities (12 out of 23) have been assigned a 5% price band
- Four securities have 2% price band: Checkpoint Trends, Deccan Bearings, Onix Solar Energy, and Ramchandra Leasing & Finance
- Four securities have wider bands: Global Ocean Logistics (20%), Rollatainers (10%), Samtel India (10%), SIMANDHAR IMPEX (10%), and VINEET LABORATORIES (10%)
- Members can seek clarifications at bse.surv@bseindia.com
Regulatory Changes
Price band modifications represent surveillance measures to control excessive volatility in specific securities. Tighter price bands (2%) indicate heightened regulatory oversight, while wider bands (10-20%) may reflect higher liquidity or different risk profiles.
Compliance Requirements
- Trading members must implement the revised price bands from market opening on January 8, 2026
- Trading systems must be updated to reflect new price limits
- Orders exceeding the revised price bands will be rejected
- Members should communicate these changes to their clients trading in affected securities
Important Dates
- Notice Date: January 7, 2026
- Effective Date: January 8, 2026
Impact Assessment
Market Impact: Traders in the 23 affected securities will face modified intraday trading ranges. Securities with tighter 2% bands will have limited price discovery and reduced speculation opportunities. Securities with 10-20% bands will allow more volatility.
Operational Impact: Trading members must update risk management systems and margin requirements based on new price bands. Algorithmic trading strategies may need recalibration for these securities.
Investor Impact: Investors should be aware that pending limit orders outside the new price bands will not execute. Tighter price bands may reduce liquidity and widen bid-ask spreads.
Complete List of Affected Securities
| Scrip Code | Scrip Name | Revised Price Band |
|---|---|---|
| 534733 | Aerpace Industries Ltd | 5% |
| 513502 | Baroda Extrusion Ltd | 5% |
| 540545 | Bhakti Gems and Jewellery Ltd | 5% |
| 543211 | Bonlon Industries Ltd | 5% |
| 531099 | Checkpoint Trends Ltd | 2% |
| 505703 | Deccan Bearings Ltd | 2% |
| 544665 | Global Ocean Logistics India Ltd | 20% |
| 501700 | IndiaNivesh Ltd | 5% |
| 538422 | Jackson Investments Ltd | 5% |
| 514360 | K&R Rail Engineering Ltd | 5% |
| 544248 | Mach Conferences And Events Ltd | 5% |
| 539938 | Medico Intercontinental Ltd | 5% |
| 513119 | Onix Solar Energy Ltd | 2% |
| 533239 | Prakash Steelage Ltd | 5% |
| 538540 | Ramchandra Leasing & Finance Ltd | 2% |
| 502448 | Rollatainers Ltd | 10% |
| 500371 | Samtel India Ltd | 10% |
| 543525 | Silver Touch Technologies Ltd | 5% |
| 544662 | SIMANDHAR IMPEX LIMITED | 10% |
| 523826 | Sovereign Diamonds Ltd | 5% |
| 542923 | Tranway21 Technologies Ltd | 5% |
| 537820 | Viji Finance Ltd | 5% |
| 751072 | VINEET LABORATORIES LIMITED | 10% |
Impact Justification
Affects trading limits for 23 securities with varied price bands. Material for traders and investors in these stocks as it restricts intraday price movement ranges. Indicates enhanced surveillance measures.