Price Band Revision - Seen Bullish?

By Research Desk
about 13 days ago

Stock Exchanges have revised the price bands of many stocks, effective from Monday, 7th June, from 5% to 10%, 10% to 20% or even 5% to 20%, which is seen a bullish call on few of such stocks.

Hind Copper price band has been revised upward from 10% to 20%.
Jain Irrigation price band has been revised upward from 5% to 10%.   
Hikal price band has been revised upward from 5% to 20%.  
PNB Housing price band has been revised downward from 10% to 5%.
BoM and NCC seen band unchanged at 20%

Many Sugar stocks have seen band revision upwards, which may be seen a trap for retail investors, in the ST, maybe after seeing a run in the near term.

This data can be used for taking an entry and exit in an individual stock.  
 
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