BSE limits price movement in 6 PSU stocks- Business News

BSE limits price movement in 6 PSU stocks

 PTI   New Delhi     Last Updated: December 3, 2012  | 20:38 IST

The Bombay Stock Exchange 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 Tuesday, 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 part of their surveillance mechanism in order avoid to excessive volatility in the particular share price.

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