New Delhi, Aug 26 () To curb excessive volatility, BSE on Monday revised the circuit limit for the share movement of CG Power and Industrial Solutions and five other companies.
In a notice, the exchange said it has set a circuit limit of 5 per cent for CG Power.
The new limits, effective from Tuesday will ensure stock prices do not go up or down beyond a level during a session.
CG Power has been witnessing volatility in its share prices after the firm on August 20 stated that an investigation instituted by its board had found major governance and financial lapses including some assets being provided as collateral and the money from the loans siphoned off by “identified company personnel, both current and past, including certain non-executive directors.”
