Mazagon Dock Share Price Band Revised to 20% by Stock Exchanges
This means that the Mazdock share price cannot move more than 20% up or down within a single day.
The exchanges announced revisions to price bands for several stocks, including Mazagon Dock Shipbuilders, on Tuesday evening. The Mazagon Dock Shipbuilders share price band has been revised upward to 20% from the earlier 10%.
This means that the Mazdock share price cannot move more than 20% up or down within a single day.
Stock exchanges periodically adjust the price bands of listed securities as part of their surveillance measures to manage excessive volatility. The BSE uses a circuit filter mechanism to cap the maximum fluctuation allowed in a stock’s price in a day. These price bands determine the upper and lower limits for price movements of a stock.
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As per the regulations set by the Securities and Exchange Board of India (SEBI), individual stocks are subject to price bands of up to 20% on either side, except for those with derivative products associated with them. This rule is designed to reduce excessive price fluctuations and uphold market stability.
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