Suzlon‘s share price band has been revised upwards by the exchanges.

What Happened: Suzlon’s share price band has now been revised upwards to 10% from 5%, which means that the stock can only move 10% in either direction. This comes as the stock was moved out of the Additional Surveillance Measure (ASM) framework last month.

Stock exchanges adjust price bands as a surveillance measure to manage excessive volatility. The BSE's circuit filter mechanism limits the daily price fluctuation for listed securities, setting upper and lower limits on price movements.

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According to the Securities and Exchange Board of India (SEBI), most individual stocks are subject to price bands that limit daily price fluctuations to a maximum of 20% in either direction. These price bands are intended to prevent excessive volatility and maintain market stability. However, stocks that have associated derivatives are excluded from this restriction, as their prices are influenced by more complex market factors.

Suzlon share price ended in the red on Monday, extending losses for the eighth straight session. In the last five sessions, the company has gone down around 12%.

Earlier in the month, the wind energy major informed that it had received warning letters from the exchanges regarding violations of the SEBI‘s disclosure requirements.

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