Description
BSE revises price bands for 37 equity scrips effective April 30, 2026, with bands ranging from 2% to 20% across various sectors.
Summary
BSE has issued Notice No. 20260429-23 revising the price bands for 37 equity scrips with effect from April 30, 2026. The revised bands range from 2% to 20%, with the majority of scrips moved to a 5% price band, indicating heightened surveillance or volatility control measures for these securities.
Key Points
- Price bands revised for 37 scrips across the equity segment effective April 30, 2026
- Majority of scrips (28 out of 37) assigned a 5% price band
- Three scrips (Abans Enterprises, Cryogenic Ogs, Ras Resorts) assigned a 10% band
- GRAVITY (INDIA) LTD. assigned the widest band at 20%
- Sharp India Ltd and Shentracon Chemicals Ltd assigned the tightest band at 2%
- Notice issued by Department of Surveillance & Supervision (DOSS)
- No attachments; full scrip list included in the notice
Regulatory Changes
The price band revisions are a surveillance tool used by BSE to manage trading volatility. Tightening bands (e.g., to 2% or 5%) restricts the maximum intraday price movement, typically applied to scrips showing unusual price movements or under enhanced surveillance. Widening bands (e.g., to 20%) allows greater price discovery flexibility.
Compliance Requirements
- Trading members must ensure all orders for the listed scrips respect the revised price band limits from April 30, 2026 onwards
- Systems and risk management parameters should be updated to reflect new band limits before market open on April 30, 2026
Important Dates
- Notice Date: April 29, 2026
- Effective Date: April 30, 2026
Impact Assessment
| Price Band | Scrips | Examples |
|---|---|---|
| 2% | 2 | Sharp India Ltd (523449), Shentracon Chemicals Ltd (530757) |
| 5% | 28 | 3B Films, Birla Cable, Emami Realty, Shivam Autotech, and others |
| 10% | 3 | Abans Enterprises (512165), Cryogenic Ogs (544440), Ras Resorts (507966) |
| 20% | 1 | GRAVITY (INDIA) LTD. (751110) |
The tightening of price bands for the majority of scrips to 5% or lower suggests BSE’s surveillance team has identified unusual activity or volatility concerns. Investors and traders holding positions in these scrips will face restricted intraday movement, potentially affecting liquidity and exit options. The 2% band on Sharp India and Shentracon Chemicals indicates particularly elevated concern. Note: The circular content was partially truncated; scrip code 543298 (item 37) details are incomplete in the source document.
Impact Justification
Routine price band revision affecting 37 listed scrips across multiple sectors. Bands tightened to as low as 2% for some scrips and as high as 20% for others, directly constraining daily trading range and impacting short-term price discovery for affected stocks.