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BSE restricts daily price movement of Oil India, five other firms

The Bombay Stock Exchange (BSE) today said it has restricted the price movement for six companies including Oil India and Engineers India to a maximum of 20 per cent a day as part of its surveillance measures.
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BSE restricts daily price movement of Oil India, five other firms
Mumbai:

The Bombay Stock Exchange (BSE) today said it has restricted the price movement for six companies including Oil India and Engineers India to a maximum of 20 per cent a day as part of its surveillance measures.

The shares of these companies are now allowed an upward or downward movement of a maximum of 20 per cent in a day, BSE said in a circular. The changes would be effective from tomorrow, it added.

Besides, other scrips that would attract a circuit filter of 20 per cent are Shipping Corporation Of India, Bharat Electronics, Container Corporation of India, National Aluminium Company.

The exchanges set the circuit filter of a stock as partof their surveillance mechanism in order avoid to excessive volatility in the particular share price.



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