BSE sets circuit limit of 10% for Suzlon Energy scrip

New Delhi: Leading stock exchange BSE on Wednesday revised the permissible daily trading limit for shares of Suzlon Energy and 19 other companies, as part of 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 Thursday.

“...the circuit filters has/have been changed from their existing levels in the below mentioned scrip/s with effect from February 19, 2015,” BSE said.

The BSE said in a circular that the price of Suzlon Energy cannot change by more than 10% in a day. The company’s shares on Wednesday closed at ₹ 26.80 apiece on the BSE, up 16.78%. In the intra-day trade, the stock had touched a high of ₹ 27.50.

Apart from Suzlon Energy, the BSE has set an upper limit of 10% for IL&FS Engineering and Construction Company, Petron Engineering Construction, Yuvraaj Hygiene Products, Karuturi Global, Tarmat and Ashok Alco Chem among others.

The limits for Salona Cotspin, Kyra Landscapes, Samtel Color, Sankhya Infotech, KCCL Plastic, ISL Consulting and Bemco Hydraulics have been set at 5%.

Besides, the upper limit for Boston Teknowsys (India) and Citizen Infoline have been set at 2%.

The circuit limit for the indices Nifty and Sensex is now calculated on a daily basis instead of the earlier practice of quarterly basis.