I thought it is good to put the BSE link directly as there are many opinions flying around on the price bands:
http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20150806-24
This link should provide the BSE notification.
An IMPORTANT point to note is the below line taken from the above NOTICE:
“In the event of any corporate action, the respective price of the security shall be adjusted as per the prescribed process.“
So, the price will NOT be capped but adjusted accordingly depending on any corporate action, if any.
I think as a part of the above process, price was capped on Friday and lower circuit changed to 10%. However, I believe Cupid will move back to its usual circuit limits +/- 20%.
Now, the important point is, there is no need to give UNDUE importance to these price bands – which are anyway applicable to many other stocks and are not in our control anyway – when you have enough conviction on the long term potential of the company. Cupid most likely will have multiple positive triggers like order wins, new product announcement (Lubricant Jelly) etc.
So, let us move back to fundamental discussion on the business!
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