Mumbai: Leading stock exchange BSE Tuesday revised the permissible daily trading limit for shares of Jet Airways and 19 other companies, as part of a surveillance action.
The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from tomorrow.
In a circular, BSE said the price of Jet Airways can not change by more than 10 percent in a day.
The stock price of Jet Airways has spurted by 48 percent in the last five trading sessions.
The company's shares today closed at Rs 376.95 apiece on the BSE, up 8.29 percent. In the intra-day trade, the stock had touched its 52-week high of Rs 385.80.
Apart from Jet Airways, BSE has set an upper limit of 10 percent for Goenka Business & Finance, Rathi Steel & Power, Fulford India, Cat Technologies, Mobile Tele Communications and Agro Dutch Industries.
The limits has been set at 5 percent for Sezal Glass, OnMobile Global, Vaswani Industries, Regency Trust, Zodiac-JRD-MKJ, Multibase India, Upsurge Investment & Finance and Empower India.
"...Circuit filters has/have been changed from their existing levels in these scrip/s with effect from December 3, 2014," BSE said.
