Price Band Revisions: IRFC, IRB Infra, Zomato among 30-plus stocks to see new circuit limit

Bombay Stock Exchange (BSE) on Thursday (November 28) has revised price bands for over 30 stocks across various sectors to 10%, effective November 29, 2024.

Key stocks affected by the revision include Adani Total, Paytm, LIC, Jio Financial Services, Zomato, and Angel One. Other major names include DMart, Cyient, PB Fintech, Union Bank of India, IRB Infrastructure, Oil India, Indian Bank, and JSW Energy.

Additionally, prominent stocks such as IRFC, SJVN, Delhivery, CAMS, CG Power, KPIT Technologies, Tata Elxsi, NHPC, Poonawalla Fincorp, and Prestige Estates will also see their price bands revised. The changes extend to companies like Sona BLW, APL Apollo Tubes, HUDCO, Jindal Stainless, Kalyan Jewellers, KEI Industries, and Max Healthcare.

Serial No                       Scrip Name                                      Price Band % Revised to 

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In the retail and consumer segments, Nykaa, Supreme Industries, Tube Investments, Yes Bank, and Varun Beverages are included in the updated list. The updated bands will limit daily price fluctuations for these securities, ensuring stable trading activity and mitigating excessive volatility.

So far, BSE had a daily price band mechanism — maximum permissible limit, within which the share price can move in a day. The listed securities are assigned a daily price band of either 20%, 10%, 5% or 2% based on pre-decided, joint criteria.

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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Under the new framework, a security with a daily price band of 20% can move upward or downward up to 60% a week. In a month, it can go upward or downward, up to 100%. It can go up to 200% or 400% on a quarterly and yearly basis, respectively.

Similarly, security with a daily price band of 10% can move 30% on a weekly basis, 60% on a monthly basis, 100% on a quarterly basis and 200% in a year. A stock assigned a daily price band of 5% would be allowed a 20% (weekly), 30% (monthly), 60% (quarterly) and 100% (annually) movement.

Those with a 2% band will have a 10% band for the week, 20% for the month, 30% on a quarterly basis, and a 50% movement annually.