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These 31 Smallcap Stocks Are Subject To BSE's New Price Band Rules

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The BSE clarified its circular on new price surveillance measures today, which sparked a massive sell-off in midcap and smallcap equities today and Tuesday.

 

The stock exchange stated that its new add-on monitoring procedures, which aim to limit stock price movement above their price-band limit on a weekly, monthly, and quarterly basis, are only applicable to X, XT, Z, ZP, ZY, Y group shares exclusively listed on the BSE.

These 31 Smallcap Stocks Are Subject To BSE's New Price Band Rules

Furthermore, the new surveillance mechanism will only apply to securities with a market capitalization of less than Rs 1,000 crore and a value of Rs 20 or more.

The stock exchange's circular issued Monday evening made no indication of the stock groups to which the surveillance regulation will apply, nor of the market capitalization criteria.

The exchange has established an initial list of 31 equities that will be subject to the framework beginning August 23. Ashiana Agro Industries Ltd, Cosmo Ferrites Ltd, Garware Synthetics Ltd, and Saraswati Commercial India Ltd are among these firms. Here's the complete list:

  1. Anjani Foods Ltd
  2. Ashiana Agro Industries Ltd
  3. Assam Entrade Ltd
  4. Available Finance Ltd
  5. AVI Polymers Ltd
  6. B&A Packaging India Ltd
  7. Cosmo Ferrites Ltd
  8. Flomic Global Logistics Ltd
  9. Garware Synthetics Ltd
  10. Gita Renewable Energy Ltd
  11. Gopala Polyplast Ltd
  12. Halder Venture Ltd
  13. Hazoor Multi Projects Ltd
  14. IEL Ltd
  15. Jaykay Enterprises Ltd
  16. LWS Knitwear Ltd
  17. Master Trust Ltd
  18. One Global Service Provider Ltd
  19. Pacheli Industrial Finance Ltd
  20. Pan Electronics India Ltd
  21. Pooja Entertainment and Films Ltd
  22. S & T Corporation Ltd
  23. Sangam Renewables Ltd
  24. Saraswati Commercial India Ltd
  25. Sarthak Industries Ltd
  26. SC Agrotech Ltd
  27. Shree Worstex Ltd
  28. Shri Bajrang Alliance Ltd
  29. Siel Financial Services Ltd
  30. Svarnim Trade Udyog Ltd
  31. Texel Industries Ltd

These additional price bands will be in addition to the securities' daily price bands. The new structure will take effect on August 23, according to the exchange.

Read more about: bse small cap stocks
Story first published: Wednesday, August 11, 2021, 16:55 [IST]
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