Description

BSE revises price bands for 38 securities effective January 27, 2026, with bands ranging from 2% to 20% based on surveillance measures.

Summary

BSE has revised price bands for 38 securities from their existing levels, effective January 27, 2026. The revised price bands range from 2% to 20%, reflecting varying levels of surveillance measures applied to these scrips. This change affects securities across different market segments and indicates enhanced monitoring of price movements.

Key Points

  • 38 securities will have revised price bands effective January 27, 2026
  • Price bands vary from 2% (most restrictive) to 20% (least restrictive among revised securities)
  • Most securities (14 scrips) receive a 5% price band
  • Eight securities get the strictest 2% price band
  • Nine securities receive a 10% price band
  • Seven securities get a 20% price band
  • Notice applies to equity segment trading members

Regulatory Changes

The exchange has implemented tighter price band controls as a surveillance measure. The revised bands represent different levels of trading restrictions:

  • 2% band (6 securities): Arcee Industries, Emergent Industrial Solutions, Samtel India, Sizemasters Technology, Vision Cinemas
  • 5% band (14 securities): Anirit Ventures (2 codes), Azad India Mobility, Bansisons Tea, Chambal Breweries, Empower India, Epack Prefab, Hiliks Technologies, Khandelwal Extractions, Mahaveer Infoway, Mahip Industries, Phaarmasia, Prozone Realty, Ramgopal Polytex, S.A.L. Steel, Transchem, TVS Electronics, Yuranus Infrastructure
  • 10% band (9 securities): Hybrid Financial Services, IEL, Jay Ambe Supermarkets, Oasis Securities, Parvati Sweetners, PVP Ventures, Sancode Technologies, Sodhani Capital, SPEL Semiconductor, Systematix Corporate Services
  • 20% band (7 securities): Chartered Capital & Investment, Nilachal Carbo Metalicks, Permanent Magnets, Shankara Buildpro, Xelpmoc Design and Tech

Compliance Requirements

  • Trading members must ensure compliance with revised price bands from January 27, 2026
  • All trades in affected securities must adhere to new price movement limits
  • Members should update their trading systems to reflect new band restrictions
  • For clarifications, members should contact bse.surv@bseindia.com

Important Dates

  • Notice Date: January 23, 2026
  • Effective Date: January 27, 2026

Impact Assessment

Market Impact: The tighter price bands will restrict intraday price movements in these securities, potentially reducing volatility but also limiting trading opportunities. Securities with 2% bands will see the most significant impact on liquidity.

Trading Impact: Day traders and short-term traders in these securities will face increased constraints. The price band restrictions may reduce speculative activity and improve price stability.

Investor Impact: Retail investors should note that tighter bands indicate enhanced surveillance, suggesting these securities may have exhibited unusual price or volume patterns. The restrictions aim to protect investors from excessive volatility while allowing orderly price discovery.

Impact Justification

Affects trading in 38 securities with tighter price bands (2%-20%), indicating enhanced surveillance measures. Medium impact as most securities are small to mid-cap with limited trading volumes.