Description
BSE revises price bands for 12 scrips with effect from January 22, 2026, with bands ranging from 2% to 20% based on surveillance measures.
Summary
BSE has announced revisions to price bands for 12 securities effective January 22, 2026. The revised price bands range from 2% to 20%, reflecting various levels of trading restrictions. The changes are being implemented as part of surveillance measures to manage volatility and trading patterns in these specific scrips.
Key Points
- 12 securities subject to revised price bands effective January 22, 2026
- Price bands set at 2%, 5%, 10%, and 20% depending on the security
- Most securities (9 out of 12) assigned 5% price band
- Modern Diagnostic & Research Centre Ltd has the widest band at 20%
- Krishna Capital and Securities Ltd has the tightest band at 2%
- Trading members can seek clarifications at bse.surv@bseindia.com
Securities and Revised Price Bands
| Scrip Code | Company Name | Revised Price Band |
|---|---|---|
| 509009 | AuSom Enterprise Ltd | 5% |
| 543512 | Avro India Ltd | 5% |
| 539660 | Best Agrolife Ltd | 5% |
| 539384 | Krishna Capital and Securities Ltd | 2% |
| 544673 | Modern Diagnostic & Research Centre Ltd | 20% |
| 523832 | Mukat Pipes Ltd | 5% |
| 544269 | Neopolitan Pizza And Foods Ltd | 10% |
| 542771 | Novateor Research Laboratories Ltd | 5% |
| 526747 | PG Foils Ltd | 5% |
| 542862 | Shahlon Silk Industries Ltd | 5% |
| 543828 | Sudarshan Pharma Industries Ltd | 5% |
| 538970 | Wardwizard Innovations & Mobility Ltd | 5% |
Regulatory Changes
The exchange is exercising its surveillance authority to modify price bands from existing levels. Price bands are risk management tools that limit the maximum price movement (up or down) allowed for a security during a trading session. Tighter bands indicate heightened surveillance concerns, while wider bands may reflect reduced restrictions or different risk profiles.
Compliance Requirements
- Trading members must update their systems to reflect the new price bands before market opening on January 22, 2026
- All orders and trades in these securities must comply with the revised price band limits
- Members should inform their clients about the revised trading restrictions
- Any clarifications should be directed to the Surveillance Department at bse.surv@bseindia.com
Important Dates
- Notice Date: January 21, 2026
- Effective Date: January 22, 2026
Impact Assessment
Trading Impact: The revised price bands will limit intraday volatility for these securities. Securities with tighter bands (2% and 5%) will have restricted price movement, potentially reducing trading opportunities but enhancing price stability. Modern Diagnostic & Research Centre Ltd with a 20% band has the most trading flexibility among the listed securities.
Market Participants: Day traders and short-term investors in these securities will need to adjust their strategies to account for the revised price movement limits. Securities with 2% and 5% bands will require careful position management.
Surveillance Context: These revisions appear to be part of ongoing surveillance measures, likely triggered by unusual trading patterns, volatility concerns, or corporate actions. The varied band percentages suggest different risk assessments for each security.
Impact Justification
Price band revisions affect trading flexibility for 12 securities, indicating heightened surveillance but limited to specific scrips rather than broad market impact