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 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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