United Breweries (Holdings) rallies nearly 10% after BSE sets circuit limit

Posted By: Religare
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United Breweries (Holdings) rallies nearly 10% after BSE sets circuit limit
Shares of Vijay Mallya-owned United Breweries (Holdings) surged nearly 10 per cent in early trade on Bombay Stock Exchange (BSE) after BSE has revised the circuit limits for share movement of company to avoid volatility.

The new limits, which will be effective from today, will endure that stock prices don't go up or down beyond a level during a trading session, BSE said in a statement.

Buoyed by development, shares of company gained as much as 9.91 per cent to trade at Rs 41.00 a piece on the BSE.

In a similar fashion, shares of the company advanced 6.95 per cent to Rs 40.00 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 21,297.54, up 157.06 points or 0.74 per cent at 10:00 hours.

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