HEG Advanced Materials, Saregama India surge up to 20% on heavy volume spikes
· Business · Business Standard
HEG Advanced Materials and Saregama India hit their 5% upper circuits on the BSE, rising up to 20% amid record-breaking trading volumes that triggered volatility-based circuit filters. The heavy volume surge in both mid-cap stocks forced exchange mechanisms to halt trading temporarily to curb excessive price swings. Market participants attributed the sharp moves to intense speculative activity and sudden buying pressure in these counter segments. Stocks touching the 5% upper limit are subject to automatic trading pauses under SEBI volatility norms.
Why it matters
The automatic circuit filters and trading halts protect retail and institutional investors from extreme price volatility in these thinly traded counter stocks.
Read the original report — Business Standard
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