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These 31 Smallcap Stocks Are Subject To BSE's New Price Band Rules
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.
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:
- Anjani Foods Ltd
- Ashiana Agro Industries Ltd
- Assam Entrade Ltd
- Available Finance Ltd
- AVI Polymers Ltd
- B&A Packaging India Ltd
- Cosmo Ferrites Ltd
- Flomic Global Logistics Ltd
- Garware Synthetics Ltd
- Gita Renewable Energy Ltd
- Gopala Polyplast Ltd
- Halder Venture Ltd
- Hazoor Multi Projects Ltd
- IEL Ltd
- Jaykay Enterprises Ltd
- LWS Knitwear Ltd
- Master Trust Ltd
- One Global Service Provider Ltd
- Pacheli Industrial Finance Ltd
- Pan Electronics India Ltd
- Pooja Entertainment and Films Ltd
- S & T Corporation Ltd
- Sangam Renewables Ltd
- Saraswati Commercial India Ltd
- Sarthak Industries Ltd
- SC Agrotech Ltd
- Shree Worstex Ltd
- Shri Bajrang Alliance Ltd
- Siel Financial Services Ltd
- Svarnim Trade Udyog Ltd
- 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.
