Garden Reach Shipbuilders‘ share price band has been revised upwards by the exchanges.

What Happened: GRSE's share price has had a rough few weeks at the bourse. The stock has gone down around 15% in the last 30 days. The stock now trades 45% lower than its all-time high of ₹2,833.30 achieved earlier this year in July.

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The Garden Reach share price band has now been revised upwards to 20% from 10%. The stock can now move 20% in either direction. The price band was previously revised upwards to 10% back in August.

Stock exchanges use price bands as a surveillance tool to control excessive volatility in the market. The BSE’s circuit filter mechanism establishes upper and lower boundaries on daily price movements for listed securities, limiting how much a stock’s price can rise or fall within a single trading day. This mechanism helps maintain market stability and prevents extreme price fluctuations that could impact investor confidence and market integrity.

According to SEBI, most individual stocks are assigned price bands with limits of up to 20% on either side. This means that a stock can only rise or fall by a maximum of 20% in a day. However, stocks with associated derivatives are generally excluded from these restrictions due to the broader market dynamics that influence their prices.

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