New Delhi: To check excessive volatility, stock exchange BSE today revised the circuit limit for share movement of Future Retail and five others.
The new limits, effective tomorrow, will ensure stock prices do not go up or down beyond a prescribed level during a session.
In a circular, the exchange said it has set a circuit limit of 10 per cent for Future Retail. The stock of Future Retail has surged by nearly 27 per cent in the last seven trading sessions.
The circuit filter mechanism is used by stock exchanges to keep excessive volatility for a scrip in check. It is the maximum fluctuation that is allowed in a stock.
Apart from Future Retail, the exchange has set a limit of 10 per cent for LT Foods, Metkore Alloys & Industries and Karma Energy.
Also, it has fixed a limit of 5 per cent for Associated Stone Industries Kotah and FCS Software Solutions.
The circuit filters have been changed from their existing levels in the six scrips with effect from February 9.
