Consolidated List of Stocks Under Additional Surveillance Measures (ASM)

According to BSE notice dated June 4, 2018, as many 109 securities are brought under Additional Surveillance Measure (ASM) framework w.e.f 5th june, 2018. This notice is seen as extension of earlier notice on March 31, 2018, wherein stocks of 37 companies was first under ASM framework. A consolidated list of stock under ASM framework as released by BSE are mentioned below. Stock Exchanges have introduced ASM mainly to keep surveillance on the trading activities (price and volume) on particular stocks in the interests of investors. therefore the the stocks of these 109 companies will be under surveillance by exchanges. The shortlisting of securities under ASM Framework is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/entity.

Additional Surveillance Measure

Securities and Exchange Board of India (SEBI) and Exchanges take various measure to safeguard interest of investors, such as reduction in price band, periodic call auction and transfer of securities to Trade to Trade or T2T category from time to time. This time exchanges have taken additional measure called as ASM to control on price variation and volatility of securities.

The surveillance action on these securities are as under:

1. Securities shall be placed in Price Band of 5%
2. Margins shall be levied at the rate of 100%

It means securities are allowed only 5% drop or rise in price in one trading session (a circuit of 5%). And you need 100% money to trade in these stocks.  You cannot do intra-day trade using credits from broker. You will have to  of these stock Market participants may note that ASM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time. It means that you have to pay full amount when you buy the stock and you can sell stock only if you have in securities in your Demat account. No speculation (Trading) is allowed in these stock. To elaborate more, some brokers gives credit facilities for their client by keeping 35% or 40% margin . Now it is compulsory to keep 100% margin. Some people are confused about 100% margin concept. If you have paid full amount of stock, then No margin is required. This 100% margin concept is for speculators (Traders) who do not pay full amount of stock and avails credit facilities from their Brokers.

Consolidated list of stock under ASM

As per BSE notice the list of stock under ASM framework are mentioned below. There are six companies from group ‘A’ category and 37 companies from group ‘B’ Category and rest are from group T, X, XT, Z and P category.