Description

BSE revises price bands for 35 scrips ranging from 1% to 20%, effective January 12, 2026, impacting daily trading limits for these securities.

Summary

BSE has revised price bands for 35 securities effective January 12, 2026. The price bands range from 1% to 20%, replacing previous levels. Price bands restrict the maximum percentage deviation allowed in a stock’s price during a trading session, serving as a volatility control mechanism.

Key Points

  • 35 scrips will have revised price bands effective January 12, 2026
  • Price band revisions range from 1% (most restrictive) to 20% (least restrictive)
  • Strictest band (1%): Deccan Bearings Ltd, Filtron Engineers Ltd, Onix Solar Energy Ltd
  • Widest bands (20%): Narmada Agrobase Ltd, Shree Refrigerations Ltd, Sigma Solve Ltd
  • Most common band is 5% (applied to 16 securities)
  • 10% band applied to 11 securities
  • Clarifications can be sought at bse.surv@bseindia.com

Regulatory Changes

This represents a surveillance measure where BSE adjusts price bands based on stock volatility, liquidity, and trading patterns. Tighter bands (1-5%) indicate higher surveillance concerns, while wider bands (10-20%) suggest relatively normal trading conditions.

Compliance Requirements

  • Trading members must ensure trading systems are updated with new price bands by January 12, 2026
  • Orders exceeding the revised price bands will be rejected
  • Trading members should inform clients about the revised limits for affected securities
  • Systems must enforce the new bands from market opening on the effective date

Important Dates

  • Notice Date: January 9, 2026
  • Effective Date: January 12, 2026 (trading session opening)

Impact Assessment

Trading Impact: Securities with tighter bands (1-5%) will experience restricted intraday volatility, limiting profit potential but also reducing risk. This may reduce liquidity and trading volumes for these stocks.

Investor Impact: Investors in these 35 securities need to adjust their intraday trading strategies, particularly for stocks moving to stricter bands. Stop-loss and target orders may need recalibration.

Market Operations: Broker systems must be reconfigured to enforce new limits. The varying band levels (1%, 2%, 5%, 10%, 20%) suggest differentiated surveillance concern levels across the 35 securities.

Surveillance Context: The inclusion of stocks like Narmada Agrobase, Shree Refrigerations, and Sigma Solve at 20% bands suggests less concern, while 1% bands on Deccan Bearings, Filtron Engineers, and Onix Solar Energy indicate heightened surveillance requirements.

Impact Justification

Affects trading volatility limits for 35 securities with varying restrictions from 1% to 20%, impacting intraday price movements and trading strategies for these stocks.