Description

BSE revises price bands for 12 securities ranging from 2% to 20% with effect from February 6, 2026, as part of surveillance measures.

Summary

BSE has revised the price bands for 12 securities effective February 6, 2026, through Notice No. 20260205-18. The revised bands range from highly restrictive 2% to a more liberal 20%, representing surveillance measures to control volatility and protect investor interests. The changes affect stocks across various sectors including infrastructure, textiles, technology, and manufacturing.

Key Points

  • 12 securities subject to revised price bands effective February 6, 2026
  • Price bands range from 2% (most restrictive) to 20% (least restrictive)
  • Four securities placed under strictest 2% price band: Anirit Ventures, Continental Controls, SVP Global Textiles
  • Four securities placed under 5% band: B2B Software Technologies, Dev Labtech Venture, Innovative Ideals and Services, Shreeji Shipping Global
  • Three securities placed under 10% band: Genus Prime Infra, Pokarna, Tijaria Polypipes, TTI Enterprise
  • One security (Aritas Vinyl) placed under 20% band
  • Notice issued by Surveillance Department through Deputy VP Sanjay Jain and Assistant VP Spandan Jayadevulu

Regulatory Changes

Price band revisions represent enhanced surveillance measures under BSE’s market monitoring framework. The bands restrict the maximum price movement allowed during a trading session:

  • 2% Band: Anirit Ventures (530705), Continental Controls (531460), SVP Global Textiles (505590) - highest restriction
  • 5% Band: B2B Software Technologies (531268), Dev Labtech Venture (543848), Innovative Ideals and Services (541983), Shreeji Shipping Global (544490)
  • 10% Band: Genus Prime Infra (532425), Pokarna (532486), Tijaria Polypipes (533629), TTI Enterprise (538597)
  • 20% Band: Aritas Vinyl (544683) - least restrictive

These revisions suggest varying levels of surveillance concern across the securities based on trading patterns, volatility, or compliance issues.

Compliance Requirements

  • Trading Members: Must implement revised price bands in their trading systems before market opening on February 6, 2026
  • Risk Management Systems: Update price band parameters to prevent orders beyond the specified limits
  • Client Communication: Inform clients about trading restrictions on affected securities
  • Order Management: Reject or modify orders that exceed the revised price band limits
  • Clarifications: Members requiring clarification should contact bse.surv@bseindia.com

Important Dates

  • Notice Date: February 5, 2026
  • Effective Date: February 6, 2026 (from market opening)
  • Implementation Deadline: Trading members must ensure compliance before market opening on February 6, 2026

Impact Assessment

Market Impact: The revised price bands will significantly affect trading dynamics for the 12 securities. Stocks under 2% bands will experience severely restricted intraday price movements, potentially reducing liquidity and increasing bid-ask spreads. The 5% and 10% bands represent moderate restrictions that balance volatility control with trading flexibility.

Liquidity Impact: Tighter price bands typically reduce trading volumes as price discovery mechanisms are constrained. Day traders and short-term investors may avoid these securities due to limited profit opportunities within narrow bands.

Investor Protection: The surveillance measures aim to protect retail investors from excessive volatility and potential price manipulation in securities showing abnormal trading patterns.

Operational Impact: Brokers and trading members must update their systems urgently to prevent order rejections and client dissatisfaction on the effective date.

Impact Justification

Price band revisions affect trading flexibility for 12 securities, with bands ranging from restrictive 2% to more liberal 20%, impacting liquidity and volatility control for these stocks.