Zomato, Paytm, Jio Financial among 55 stocks in focus as BSE revises circuit limits
Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after the leading exchange, BSE, revised the circuit limits. Other major names include LIC, Adani Total, Angel One, DMart, Cyient, PB Fintech, Union Bank of India, IRB Infrastructure, Oil India, Indian Bank, and JSW Energy.
The price band limits have been adjusted to 10% for 46 stocks, including prominent names like Zomato, YES Bank, Varun Beverages, Tata Elxsi, Paytm, Oil India, Nykaa, and NCC. Additionally, four stocks will now have a 5% circuit limit, while five others will see their limits revised to 2%.
So far, BSE has had a daily price band mechanism — a maximum permissible limit within which the share price can move in a day. Listed securities are assigned a daily price band of either 20%, 10%, 5%, or 2%, based on pre-decided joint criteria.
Also Read: Adani stocks in focus as banks review group exposure
The new long-duration price band framework, which is in addition to the daily price band mechanism, will apply to stocks «exclusively» listed and traded on BSE equity trading platforms, including SME and SME ITP platforms.
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