The Bombay Stock Exchange (BSE) increases the circuit limit for a stock to maintain market stability and prevent excessive price volatility.
This circuit limit represents the maximum permissible price movement for a security during a single trading session, either upwards or downwards, determined by the previous day’s closing price.
Periodically, the BSE assesses and revises circuit limits for different securities, considering factors like market capitalization, price-earnings ratio, price volatility, trading volume, client concentration, and the proportion of non-promoter shareholders.
As of April 5, the BSE has increased the circuit limit for 14 stocks, with the revised limits taking effect on the specified date.
Below are some stocks on which BSE has raised the circuit limit to 20 percent from its previous 5 percent.
Shipping Corporation of India Ltd
Shipping Corporation of India is engaged and involved in the business of transporting goods and passengers.On Friday, company shares closed at ₹230 per share, up 2.24 percent from the previous close price.
Paramount Communications Ltd
Paramount Communications Ltd, one of India’s leading cable and wire manufacturers, is involved in the production of wires and cables such as power cables, telecom cables, railway cables, and specialised cables.
On Friday, company shares closed at ₹86.9 per share,up 7.4 percent from the previous close price
Nucleus Software Exports Ltd
Nucleus Software Limited provides solutions for lending and transaction banking products to the global financial services industry. The company caters to more than 50 countries as well as developing solutions for retail lending, cash management, internet banking, automotive finance, and other business areas.
On Friday, company shares closed at ₹1,375 per share,down 2.16 percent from the previous close price
Indraprastha Medical Corporation Ltd
Indraprastha Medical Corporation Ltd is primarily engaged in the healthcare business, focusing on providing comprehensive, high-quality hospital services to enhance the quality of life of patients in a cost-effective manner.\ On Friday, company shares closed at ₹244 per share,up 17.5 percent from the previous close price
Valor Estate Ltd
The Company is engaged primarily in the business of real estate construction, development and other related activities. Most of the projects are based in and around Mumbai and are under various stages of planning and construction. On Friday, company shares closed at ₹229 per share,up 7.6 percent from the previous close price
Indostar Capital Finance Ltd
IndoStar Capital Finance Ltd is a non-banking finance company (NBFC) based in India, which is engaged in lending and allied activities. The company operates through four segments: Large Corporate, Small and Medium Enterprise (SME), Commercial Vehicle, and Housing Finance.
On Friday, company shares closed at ₹249 per share,up 7.9percent from the previous close price
EMS Ltd
EMS Limited is a multi-disciplinary EPC company, headquartered in Delhi that specializes in providing turnkey services in water and wastewater collection, treatment and disposal. EMS provides complete, single-source services from engineering and design to construction and installation of water, wastewater and domestic waste treatment facilities.
On Friday, company shares closed at ₹437 per share,down 1.5 percent from the previous close price
Indian Renewable Energy Development Agency Ltd
The Indian Renewable Energy Development Agency (IREDA) is a Mini Ratna (Category – I) government company that promotes, develops, and provides financial support for new and renewable energy (RE) projects, as well as energy efficiency and conservation (EEC) programs.
On Friday, company shares closed at ₹176 per share,up 11.5 percent from the previous close price
Saksoft Ltd
Saksoft Ltd is a global IT services and consultancy company that is engaged in providing business intelligence and information management solutions predominantly to mid-tier companies based out of the USA and UK. On Friday, company shares closed at ₹3033 per share,up 2 percent from the previous close price
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
