Leading stock exchange BSE on Tuesday revised circuit limits for share movement of 23 companies as part of its surveillance action.
The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from tomorrow.
The price of seven companies - Mathew Easow Research Securities, Shree Hari Chemicals Export, Sampre Nutritions, Jaysynth Dyestuff (India), VLS Finance, ISMT and Kiri Industries - cannot change by more than 10 per cent in a day, the BSE said in a circular.
It has also set an upper limit of 5 per cent for 16 firms - Pankaj Piyush Trade & Inv, Ess Dee Aluminium, Cineline India, Nettlinx Ltd, Medicamen Biotech, ICSA India, Sawaca Business Machines, Danlaw Technologies India, Moschip Semiconductor Technology, Spenta International, KS Oils, Risa International, Pioneer Embroderies, Indovation Technologies, GV Films and Neo Corp International.
"Trading Members of the Exchange are hereby informed that the circuit filters has/have been changed from their existing levels... in the scrips (23) with effect from April 06, 2016," BSE added.