Friday 27 July 2012


BSE, NSE reduce price bands of few stocks

Due to Surveillance concerns, BSE and NSE in consultation with SEBI decided to reduce the price bands of the following securities to 5% with effect from July 30, 2012 till further notice.

The security names are Glodyne Technoserve, Radico Khaitan, Pipavav Defence and Offshore Engineering Company, Parsvnath Developers, Tulip Telecom and Era Infra Engineering
The above measure was communicated to the Exchanges for implementation today during pre-open phase, however as revised price bands were being implemented, market opened. Since a few trades were already executed at the original price band of 20%, the price bands were restored back to 20% in a coordinated manner by both the stock exchanges in consultation with SEBI in these stocks to ensure uniformity among investors trading these stocks.

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