Changes in Price Band for Six Securities

Description

BSE revises price bands for six securities effective January 21, 2026, with bands ranging from 2% to 10%.

Summary

BSE has revised price bands for six securities effective January 21, 2026. The changes include varied price band percentages ranging from 2% to 10%, applied to securities under enhanced surveillance. Trading members are notified through Notice No 20260120-43.

Key Points

• Six securities have revised price bands effective January 21, 2026
• Baazar Style Retail Ltd and Gabriel Pet Straps Ltd receive 10% price bands
• Bits Ltd receives the most restrictive 2% price band
• Neptune Logitek Ltd, S. M. Gold Ltd, and Yuvraaj Hygiene Products Ltd receive 5% price bands
• Changes implemented by BSE Surveillance department

Regulatory Changes

Price band revisions from existing levels for the following securities:

Compliance Requirements

• Trading members must adjust their trading systems to reflect new price bands
• Orders must comply with revised price band limits from effective date
• Members requiring clarification should contact bse.surv@bseindia.com

Important Dates

• Notice Date: January 20, 2026
• Effective Date: January 21, 2026

Impact Assessment

The revised price bands indicate enhanced surveillance measures on these securities. Tighter price bands (particularly the 2% band on Bits Ltd) restrict intraday price movement, reducing volatility and protecting investors. This typically signals concerns about price manipulation, unusual trading activity, or corporate governance issues. Trading volumes may be affected as the restricted bands limit speculative trading opportunities.

Impact Justification

Price band revisions affect trading parameters for six securities, indicating increased surveillance measures for these stocks