The Bombay Stock Exchange (BSE) raise the circuit limit for a stock to enhance market stability and mitigate excessive price fluctuations.
This circuit limit indicates the maximum price movement—either up or down—that a security can experience in a single trading session, based on the previous day’s closing price.
The BSE regularly reviews and adjusts circuit limits for various securities, considering factors such as market capitalisation, price-earnings ratio, price volatility, trading volume, client concentration, and the percentage of non-promoter shareholders.
A total of 80 stocks on the BSE have had their circuit limits adjusted, effective May 21.
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Here are three stocks that have witnessed their limits increase from 10 percent to 20 percent in recent months:
Talbros Automotive Components Limited
With a market cap of Rs. 2,101.5 crores, the stock moved up by nearly 0.5 percent on BSE to Rs. 341.9, during Monday’s trading session.
Established in 1956, Talbros Automotive Components Limited, the flagship manufacturing company of the Talbros Group, is engaged in the business of manufacturing automotive & industrial gaskets and forging.
The company is an auto component player with a diversified portfolio of gaskets, heat shields, forgings, suspension systems, anti-vibration products and hoses.
Newgen Software Technologies Limited
With a market cap of Rs. 18,869.3 crores, the shares of a global software company moved up by around 2.3 percent on BSE to hit a new 52-week high at Rs. 1,351.75, during Monday’s trading session.
Newgen Software Technologies Limited is engaged in software product development including designing and delivering end-to-end software solutions covering a wide range of software services from workflow automation to document management to imaging.
KJMC Financial Services Limited
With a market cap of Rs. 51.8 crores, the stock moved up by around 5.5 percent to Rs. 116, during Monday’s trading session.
Incorporated in 1988, KJMC Financial Services Limited, a non-deposit taking non-systematically NBFC, is engaged in the business of lending, with a diversified lending portfolio across retail, MSME and commercial customers.
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Written by Shivani Singh
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