BSE restricts daily price movement of six cos to up to 20%

Leading bourse BSE said it has restricted the price movement for six companies including Oil India and Engineers India to a maximum of 20 per cent a day as part of its surveillance measures. The shares of these companies are now allowed an upward or downward movement of a maximum of 20 per cent in a day, BSE said in a circular. The changes would be effective from tomorrow, it added.
Besides, other scrips that would attract a circuit filter of 20 per cent are Shipping Corporation Of India , Bharat Electronics , Container Corporation of India , National Aluminium Company . The exchanges set the circuit filter of a stock as part of their surveillance mechanism in order avoid to excessive volatility in the particular share price.