Description

BSE revises price bands for 11 scrips effective January 14, 2026, with bands ranging from 2% to 20%.

Summary

BSE has revised price bands for 11 securities effective January 14, 2026. The changes include varied price band percentages ranging from 2% to 20%, indicating different levels of trading restrictions based on surveillance requirements. Trading members have been notified to implement these revised bands from the effective date.

Key Points

  • 11 scrips will have revised price bands effective January 14, 2026
  • Price bands range from 2% (most restrictive) to 20% (least restrictive among revised securities)
  • Admach Systems, Apollo Techno Industries, Bai-Kakaji Polymers, and Nanta Tech set at 20% bands
  • Maruti Interior Products has the most restrictive band at 2%
  • Global Ocean Logistics and Rukmani Devi Garg Agro Impex set at 10% bands
  • Photoquip India, Precision Electronics, Spinaroo Commercial, and Vashishtha Luxury Fashion set at 5% bands

Regulatory Changes

The price band revisions represent enhanced surveillance measures for the affected securities. Price bands limit the maximum price movement (up or down) allowed for a security in a single trading session. Tighter bands indicate greater regulatory scrutiny and aim to curb excessive volatility or speculative activity.

Compliance Requirements

  • Trading members must implement the revised price bands from January 14, 2026
  • All trading systems and risk management frameworks must be updated to reflect the new price band limits
  • Members requiring clarification should contact BSE Surveillance at bse.surv@bseindia.com
  • Trading in these scrips must adhere to the new percentage limits for daily price movements

Important Dates

  • Notice Date: January 13, 2026
  • Effective Date: January 14, 2026

Impact Assessment

Market Impact: The revised price bands will restrict intraday price movements for these 11 securities, potentially reducing volatility and speculative trading. Securities with tighter bands (2%-5%) face more significant trading restrictions.

Trading Impact: Investors and traders in these scrips will experience limited price discovery within the specified bands. Orders placed beyond the price band limits will be rejected.

Surveillance Context: The varied price band percentages suggest different risk profiles among the securities, with Maruti Interior Products (2% band) under the strictest surveillance measures.

Liquidity Impact: Tighter price bands may reduce liquidity as price movements are constrained, though they also provide protection against extreme volatility.

Impact Justification

Price band revisions affect trading limits for 11 securities, indicating increased surveillance measures and potential volatility concerns for these specific scrips.