BSE revises circuit limit for Reliance Industrial Infra, 98 others

Leading stock exchange BSE on Monday revised the circuit limits for share movement of as many as 99 companies, including Reliance Industrial Infrastructure and Moser Baer India, as part of its surveillance action.

The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from Tuesday.

The price of 26 firms including ZEN Technologies, Valecha Engineering, Surana Telecom and Power and Sterling Biotech can not change by more than 10% in a day, BSE said in a circular. It has also set a limit of 5% for 71 firms including Reliance Industrial Infrastructure, Moser Baer India, Escorts Finance, Spice Islands Apparels, Pritish Nandy Communications and Kinetic Engineering.

However, limits for SW Investments and A F Enterprises have been set at 2%. "Trading Members of the exchange are... informed that the circuit filters has/have been changed from their existing levels in the(10) scrips with effect from January 19, 2016," BSE said.