13 Stocks excluded from ASM List – Should you invest?

13 Stocks excluded from ASM List - Should you investStocks excluded from ASM List in August 2018


During May end, SEBI has directed BSE/NSE to put over 100+ stocks in Additional Surveillance Measures (ASM) in India. However, a couple of days back, BSE have indicated that 13 stocks are out of ASM list now. Many investors are jumping and buying most of these ASM excluded stocks now thinking that they can ride in this wave and get super short term gains. Some of the stocks like Venky’s has zoomed by over 45% in just 2-3 trading sessions.  I was searching for several websites and none of them are giving the complete list of 13 Stocks that are removed or excluded from ASM list. Finally, I am successful in getting the ASM excluded list of stocks. Which are the 13 Stocks that are removed / excluded from ASM list now in Aug-2018? Should you invest in these stocks for short term gains?

Also Read: Best Aggressive Balanced Mutual Funds to invest now

What are Additional Surveillance Measures (ASM) initiated by SEBI?


SEBI has been working continuously with an intent to keep investors safe and put a check for stock brokers / Promoters manipulation of stock prices. SEBI has directed NSE and BSE to introduce additional surveillance measures (ASM) to curb volatility in some of the stock prices.

As per SEBI new guidelines and as part of ASM framework, it has released a list of 113 stocks where BSE/NSE would put them under 5% price band (upper or lower circuit) and a 100 % margin will be applicable to such stocks. As per the ASM framework, stock exchanges would review these stocks on a bimonthly basis. BSE has commented, indicating that the shortlisting of stock under the framework is only on account of surveillance and it should not be considered as disciplinary action against the company.

If you are wondering which are the 100+ Stocks that has been moved to ASM list, you can check here.

13 Stocks removed from ASM List – Should you invest?


We are giving the list of 13 stocks that are removed from ASM list, how they have performed during the period when they are part of ASM and how they are performing now in the last 2-3 trading sessions after they are removed from ASM category. This would help investors to check whether really these are hot stocks or just someone were manipulating them earlier.

#1 – Venkys (India) Ltd


Venkys India Ltd is the largest fully integrated poultry group in Asia.

This stock was trading at Rs 3,020 on 31-May-18 which has fallen drastically to Rs 2,220 on 31-Jul-18 which is almost 26% of losses.

However, this stock has moved from Rs 2,220 on 31-Jul-18 to Rs 3,175 on 3-Aug-18 indicating profit of 43 %.

This is the 1st ASM excluded stock that gave good returns of 43% in just 2-3 trading sessions after BSE announced it. Technically, this has already reached to its earlier high, hence little scope for more price appreciation, unless an investor would view from fundamentals of the company.

#2 – Tinplate Company of India Ltd


TATA Enterprise company, Tinplate is today the largest indigenous producer of tin coated and tin free steel sheets in India, enjoying 35-40% market share and undoubtedly the industry leader for more than 90 years. The company exports about 20-25% of its production directly to end-users (can-makers) and its products are well accepted in the markets of SE Asia, Middle East and some developed countries in Europe.

This stock was trading at Rs 200 on 31-May-18 which has fallen drastically to Rs 159 on 31-Jul-18 which is almost 21% of loss.

However, this stock has moved from Rs 159 on 31-Jul-18 to Rs 185 on 3-Aug-18 indicating profit of 16%.

This the second ASM excluded stock that gave good returns of 16% in just 2-3 trading sessions after BSE announced it. Technically, there is another 8% scope for price appreciation, however, would depend on how investors view from a fundamentals of the company.

#3 – Goa Carbon Ltd


Goa Carbon Limited is in the business of manufacture and marketing of Calcined Petroleum Coke.

This stock was trading at Rs 761 on 31-May-18 which has fallen drastically to Rs 528 on 31-Jul-18 which is almost 31% of loss.

However, this stock has moved from Rs 528 on 31-Jul-18 to Rs 610 on 3-Aug-18 indicating profit of 16%.

This the 3rd ASM excluded stock that gave good returns of 16% in just 2-3 trading sessions after BSE announced it. Technically, there is major scope for another 20% price appreciation, however, would depend on how investors view from fundamentals of the company.

#4 – Crescent Leasing Ltd


Crescent Leasing Limited operates as a non-banking financial company in India.

This stock was trading at Rs 21.5 on 31-May-18 which has fallen drastically to Rs 15 on 31-Jul-18 which is almost 33% of loss.

However, this stock has moved from Rs 15 on 31-Jul-18 to Rs 17 on 3-Aug-18 indicating profit of 16%.

This the 4th ASM excluded stock that gave good returns of 16% in just 2-3 trading sessions after BSE announced it. Technically, there is major scope for another 22% price appreciation, however, would depend on how investors view from fundamentals of the company.

#5 – Man Industries (India) Ltd


It is a leading manufacturer and exporter of large diameter Carbon Steel Line Pipes for various high pressure transmission applications, for Gas, Crude Oil, Petrochemical Products and Potable Water. The Company has state-of-the-art manufacturing facilities for LSAW & HSAW Line Pipes and also for various types of Anti-Corrosion Coating Systems.

This stock was trading at Rs 120 on 31-May-18 which has fallen drastically to Rs 109 on 31-Jul-18 which is almost 9% of loss.

However, this stock has moved from Rs 109 on 31-Jul-18 to Rs 122 on 3-Aug-18 indicating profit of 12%.

This the 5th ASM excluded stock that gave good returns of 12% in just 2-3 trading sessions after BSE announced it. Technically, this has already reached to its earlier high, hence little scope for more price appreciation, unless an investor would view from fundamentals of the company.

Also read: Best SIP Mutual Funds to invest in 2018

#6 – Sanwaria Consumer Ltd


It is one of the largest integrated food processors in India and is engaged in the business of manufacturing and selling of Rice, edible oil and staple food products like Pulses, Sugar, Soya Chunks, Wheat Flour, Rice Flour, Salt, Suji, Maida, Besan, Daliya, Soya Meal etc.

This stock was trading at Rs 15.4 on 31-May-18 which has fallen drastically to Rs 13 on 31-Jul-18 which is almost 14% of loss.  

However, this stock has moved from Rs 13 on 31-Jul-18 to Rs 15 on 3-Aug-18 indicating profit of 11%.

This the 6th ASM excluded stock that gave good returns of 11% in just 2-3 trading sessions after BSE announced it. Technically, there is a small scope for another 4% price appreciation, however, would depend on how investors view from fundamentals of the company.

#7 – HIL Ltd


HIL Limited, formerly known as Hyderabad Industries Limited is a flagship group company of the CK Birla Group. HIL Limited is one of India's most respected names in the Building Solution Industry. HIL is a pioneer of green building materials, producing durable roofing solutions, panels, walling blocks, plywood substitutes, high-quality pipes and fittings, and industrial insulation

This stock was trading at Rs 2158.8 on 31-May-18 which has fallen drastically to Rs 2113 on 31-Jul-18 which is almost 2% of loss.       

However, this stock has moved from Rs 2113 on 31-Jul-18 to Rs 2317 on 3-Aug-18 indicating profit of 10%.

This the 7th ASM excluded stock that gave good returns of 10% in just 2-3 trading sessions after BSE announced it. Technically, this has already reached to its earlier high, hence little scope for more price appreciation, unless an investor would view from fundamentals of the company.

# 8 – Dilip Buildcon Ltd


It is Largest and Fastest Growing Road Company in India.

This stock was trading at Rs 832 on 31-May-18 which has fallen drastically to Rs 809 on 31-Jul-18 which is almost 3% of loss.   

However, this stock has moved from Rs 809 on 31-Jul-18 to Rs 867 on 3-Aug-18 indicating profit of 7%.

This the 8th ASM excluded stock that gave returns of 7% in just 2-3 trading sessions after BSE announced it. Technically, this has already reached to its earlier high, hence little scope for more price appreciation, unless an investor would view from fundamentals of the company.

# 9 – Himadri Speciality Chemical Ltd


India's leading specialty chemical conglomerate, Himadri is an established brand with a strong, proven track record in the specialty chemicals business. Our products are primarily specialty chemicals formulated around specific applications and used solely in performance-critical applications, serving the key sectors across the globe of steel, aluminum, automotive, plastics and infrastructure development

This stock was trading at Rs 134 on 31-May-18 which has moved to Rs 138 on 31-Jul-18 which is 3% higher.     

However, this stock has moved from Rs 138 on 31-Jul-18 to Rs 145 on 3-Aug-18 indicating profit of 5%.

This the 9th ASM excluded stock that gave moderate returns of 5% in just 2-3 trading sessions after BSE announced it. Technically, this has already reached to its earlier high, hence little scope for more price appreciation, unless an investor would view from fundamentals of the company.

#10 – Beekay Steel Industries Ltd


They produce the widest range of steel products among steel manufacturers having an annual turnover of over Rs.800 crore ($ 130 million) which speaks of its production muscle.

This stock was trading at Rs 331 on 31-May-18 which has fallen drastically to Rs 312 on 31-Jul-18 which is almost 6% of loss.

However, this stock has moved from Rs 312 on 31-Jul-18 to Rs 324 on 3-Aug-18 indicating profit of 4%.

This the 10th ASM excluded stock that gave returns of just 4% in just 2-3 trading sessions after BSE announced it. Technically, there is some scope for another 2% price appreciation, however, would depend on how investors view from fundamentals of the company.

#11 – Bhansali Engineering Polymers Ltd


Bhansali Engineering Polymers Limited (BEPL) is one of the two leading Petrochemical Company in India involved in the manufacturing of ABS & SAN

This stock was trading at Rs 138 on 31-May-18 which has moved to Rs 144 on 31-Jul-18 which is 4% higher.     

This stock has moved from Rs 144 on 31-Jul-18 to Rs 148 on 3-Aug-18 indicating profit of 3%.

This the 11th ASM excluded stock that gave good returns of 3% in just 2-3 trading sessions after BSE announced it. Technically, this has already reached to its earlier high, hence little scope for more price appreciation, unless an investor would view from fundamentals of the company.

#12 – Bharat Seats Ltd


Bharat Seats Ltd is a joint Venture of Suzuki Motor Corporation, Japan, Maruti Suzuki India Ltd and the Relans for the manufacture of complete seating systems.

This stock was trading at Rs 195 on 31-May-18 which has fallen drastically to Rs 170 on 31-Jul-18 which is almost 13% of loss.  

However, this stock has moved from Rs 170 on 31-Jul-18 to Rs 173 on 3-Aug-18 indicating profit of 2%.

This the 12th ASM excluded stock that gave returns of 2% in just 2-3 trading sessions after BSE announced it. Technically, there is some scope for another 11% price appreciation, however, would depend on how investors view from fundamentals of the company.

#13 – Amrit Corp Ltd


Amrit Corp. Undertook a major initiative to restructure its business portfolio. As a part of a long term business plan & growth strategy, a Restructuring Scheme was formulated, which has been duly sanctioned by all concerned, including the shareholders, creditors and the Hon’ble High Courts in Allahabad, Delhi and Chandigarh. The Scheme has come into force on 23rd June, 2007. In terms of the Restructuring Scheme, the paper business together with the assets & liabilities has been demerged into a separate Company, ABC Paper Ltd., while edible oils & FMCG commodities business together with the assets & liabilities has been demerged and consolidated with Amrit Enterprises Ltd.

This stock was trading at Rs 1522 on 31-May-18 which has fallen drastically to Rs 1225 on 31-Jul-18 which is almost 20% of loss.

However, this stock has moved from Rs 1225 on 31-Jul-18 to Rs 1205 on 3-Aug-18 indicating loss of 2%.

This the 13th ASM excluded stock that gave returns of 5% in just 2-3 trading sessions after BSE announced it. This stock has not moved positive direction, even after removing from the ASM list in the last 3 days, hence investors should review carefully before taking any position in this stock. Ideally, this is high risk stock. 

You may like: Top Performing Mutual Funds in 2018

List of ASM Removed or Excluded Stocks is consolidated here


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Suresh

13 Stocks excluded from ASM List – Should you invest

One comment

  • krish

    Can removal of a stock from monitoring relating to price manipulation be a reason to invest in it? Are these stock fundamentally strong, attractively priced and have good future propsects?

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