Quote on BSE clarifies on Add-on Price Band Framework By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on BSE clarifies on Add-on Price Band Framework 11 August 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"BSE's new surveillance framework with add-on price bands for specified stocks listed exclusively on the BSE is a timely initiative to curb excessive speculative activity in these stocks. It is a fact that there is froth in the mid and small-cap space. Many stocks in this segment have low liquidity and, therefore, are capable of being manipulated by a group of traders. In the present exuberant state of the market, manipulation is easy and appears to be happening. Therefore, this initiative from the BSE is appropriate from the perspective of market integrity"
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