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Querist : Anonymous

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Querist : Anonymous (Querist)
06 December 2009 why 2 weeks high & low & 26 weeks high & low is computed. Which regulation provides this? can anybody plz let me know
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Rasesh

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Rasesh (Expert)
07 December 2009 2 weeks high & low & 26 weeks high & low is required to be computed for different requirements in SEBI LAWS.

Example:
1) Guidelines for Preferential issue of shares.
2) Delisting of shares

Such an average is taken so that all highs and lows are considered before arriving at a particular value for the shares.
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