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:

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.