Thursday, 26 May 2016

BSE tweaks circuit limit of VRL Logistics, 5 others

The new limits which ensure stock prices do not go up or down beyond a level during a trading session will be effective today.

Leading stock exchange BSE revised circuit limits for share movement of VRL Logistics   and and five others as part of its surveillance action.

The new limits which ensure stock prices do not go up or down beyond a level during a trading session will be effective today.

Shares of VRL Logistics today plunged by over 12 percent on BSE amid worries over its promoters' proposed investment in regional airline venture and its impact on the firm's balancesheet. Yesterday, the stock tumbled by 18 percent.

Besides, the share price of Jindal Photo cannot change by more than 20 percent in a day, BSE said in a circular.

It has fixed a circuit limit of five percent for three companies -- Athena Global Technologies, Rishiroop and SRS Real Infrastructure. The limit of 2 percent has been set for Khyati Multimedia Entertainment.

"Trading members of the exchange are hereby informed that the circuit filters has/have been changed from their existing levels... in the scrips (six) with effect from May 26, 2016," BSE said.
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