To what extent can price of scrip increase or decrease in a day during a settlement?
As a measure to curb volatility, SEBI introduced the concept of price circuits on individual stocks, a few years back. Daily price bands are applicable on the previous day’s closing price. Currently 3 price bands are enforced 5%,10% and 20%. The list of securities falling under the respective price bands change with prevailing market volatility and are available on NSE s website.
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