Daily review of Price Bands
Price bands determine the range in which a security can move. To illustrate, a 10% price band implies that the security can move +/- 10% of its previous day close price on a given day. The downward revision is a daily process whereas upward revision, subject to satisfaction of criteria’s, is a bi-monthly process.
No price band is applicable to securities on which derivative products are available. However, Exchange shall set a dynamic price band at 10% of the previous closing price and shall be flexed based on pre-determined criteria.