109 Stocks on Additional Surveillance Measures (ASM) by SEBI – Should you exit them?

Stocks on Additional Surveillance Measures (ASM) by SEBI – Should you exit them?

Last week, SEBI has initiated Additional Surveillance Measures (ASM) against some of the stocks that were believed to be manipulated by stock brokers and promoters. SEBI has released a list of 109 Indian stock names that would be on Additional Surveillance Measures (ASM). Many of you would have invested in these stocks and might be in dilemma whether to continue to invest in such stocks or want to exit them. What are Additional Surveillance Measures (ASM) initiated by SEBI? Which are the 109 stocks that are part of ASM Framework initiated by SEBI? This article would provide some insights about this.

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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 109 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.

What does this ASM mean to investors?

1) If you are the day trader or stock broker, you may see some impact as such share prices cannot go up or down by more than 5%. You would have limited profits or losses.

2) If you are an investor, you need to keep an eye on these stocks now. Due to this SEBI initiation of ASM framework, some of the stock prices have already started falling (some cases have fallen up to 14% in the last few days) as there is less scope for speculation.

3) If you are long term investors and do not believe in such short term fluctuations, you can continue to invest in such stocks.

4) One cannot apply standard rules, whether to continue to invest or exit from such stocks and it would depend on investors / day trader’s strategy.

List of 109 Indian Stocks which are on Additional Surveillance Measures (ASM) (along with BSE Code)

Here are the list of 109 stocks that are on ASM framework now.

1) Achal Investments Limited (Bse Code 538570)

2) ACI Infocom Limited (Bse Code 517356)

3) Alok Industries Limited (Bse Code 521070)

4) Amrit Corp Limited (Bse Code 507525)

5) Amtek Auto Limited (Bse Code 520077)

6) Apex Frozen Foods Limited (Bse Code 540692)

7) Aplaya Creations Limited (Bse Code 511064)

8) Aruna Hotels Limited (Bse Code 500016)

9) Ashram Online.Com Limited (Bse Code 526187)

10) Associated Alcohols & Breweries Limited (Bse Code 507526)

11) Beekay Steel Industries Limited (Bse Code 539018)

12) Bhansali Engineering Polymers Limited (Bse Code 500052)

13) Bharat Seats Limited (Bse Code 523229)

14) Bil Energy Systems Limited (Bse Code 533321)

15) Bombay Dyeing & Manufacturing Company Limited (Bse Code 500020)

16) Bombay Rayon Fashions Limited (Bse Code 532678)

17) Bullish Bonds & Holdings Limited (Bse Code 540006)

18) Butterfly Gandhimathi Appliances Limited (Bse Code 517421)

19) Chokhani Securities Limited (Bse Code 511742)

20) Commex Technology Limited (Bse Code 532342)

21) Crescent Leasing Limited (Bse Code 539131)

22) Diamond Power Infrastructure Limited (Bse Code 522163)

23) Dil Limited (Bse Code 506414)

24) Dilip Buildcon Limited (Bse Code 540047)

25) Ejecta Marketing Limited (Bse Code 538653)

26) Electrosteel Steels Limited (Bse Code 533264)

27) Emami Infrastructure Limited (Bse Code 533218)

28) Emgee Cables & Communications Limited (Bse Code 530333)

29) Excel Industries Limited (Bse Code 500650)

30) Fairdeal Filaments Limited (Bse Code 514474)

31) Fineotex Chemical Limited (Bse Code 533333)

32) Forbes & Company Limited (Bse Code 502865)

33) Fredun Pharmaceuticals Limited (Bse Code 539730)

34) Gala Global Products Limited (Bse Code 539228)

35) Garnet International Limited (Bse Code 512493)

36) Generic Engineering Construction and Projects Limited (Bse Code 539407)

37) Goa Carbon Limited (Bse Code 509567)

38) Goenka Business & Finance Limited (Bse Code 538787)

39) Goldstone Infratech Limited (Bse Code 532439)

40) Graphite India Limited (Bse Code 509488)

41) GSS Infotech Limited (Bse Code 532951)

42) GTL Infrastructure Limited (Bse Code 532775)

43) GVK Power & Infrastructure Limited (Bse Code 532708)

44) HEG Limited (Bse Code 509631)

45) HIL Limited (Bse Code 509675)

46) Himadri Speciality Chemical Limited (Bse Code 500184)

47) Hindustan Dorr-Oliver Limited (Bse Code 509627)

48) India Glycols Limited (Bse Code 500201)

49) Indiabulls Ventures Limited (Bse Code 532960)

50) Jaypee Infratech Limited (Bse Code 533207)

51) JBF Industries Limited (Bse Code 514034)

52) Jindal Worldwide Limited (Bse Code 531543)

53) Kapil Raj Finance Limited (Bse Code 539679)

54) KDDL Limited (Bse Code 532054)

55) KSK Energy Ventures Limited (Bse Code 532997)

56) KSL & Industries Limited (Bse Code 530149)

57) KSS Limited (Bse Code 532081)

58) Lloyds Steels Industries Limited (Bse Code 539992)

59) Man Industries (India) Limited (Bse Code 513269)

60) Mirc Electronics Limited (Bse Code 500279)

61) Mohota Industries Limited (Bse Code 530047)

62) Monotype India Limited (Bse Code 505343)

63) NATIONAL PEROXIDE Limited. (Bse Code 500298)

64) Niyogin Fintech Limited (Bse Code 538772)

65) Oasis Tradelink Limited (Bse Code 538547)

66) Omkar Speciality Chemicals Limited (Bse Code 533317)

67) Optiemus Infracom Limited (Bse Code 530135)

68) Oscar Investments Limited (Bse Code 501179)

69) Pincon Lifestyle Limited (Bse Code 539007)

70) PRAKASH INDUSTRIES Limited. (Bse Code 506022)

71) Quadrant Televentures Limited (Bse Code 511116)

72) Radico Khaitan Limited (Bse Code 532497)

73) Rain Industries Limited (Bse Code 500339)

74) Ramgopal Polytex Limited (Bse Code 514223)

75) Reliance Naval and Engineering (Bse Code 533107)

76) Ritesh International Limited (Bse Code 519097)

77) Sanwaria Consumer Limited (Bse Code 519260)

78) Sawaca Business Machines Limited (Bse Code 531893)

79) Shantanu Sheorey Aquakult Limited (Bse Code 531925)

80) Sharp Investments Limited (Bse Code 538212)

81) SORIL Holdings and Ventures Limited (Bse Code 533520)

82) SRS Finance Limited (Bse Code 536799)

83) SRS Limited (Bse Code 533569)

84) SRS Real Infrastructure Limited (Bse Code 533305)

85) Stampede Capital Limited (Bse Code 531723)

86) Stampede Capital Limited – DVR (Bse Code 570005)

87) Sterling Biotech Limited (Bse Code 512299)

88) Sterling International Enterprises Limited (Bse Code 508998)

89) Sunil Hitech Engineers Limited (Bse Code 532711)

90) Sunstar Realty Development Limited (Bse Code 535141)

91) Supreme Holdings & Hospitality (India) Limited (Bse Code 530677)

92) Supreme Infrastructure India Limited (Bse Code 532904)

93) Swadeshi Industries & Leasing Limited (Bse Code 506863)

94) Talwalkars Better Value Fitness Limited (Bse Code 533200)

95) Tiaan Ayurvedic & Herbs Limited (Bse Code 540108)

96) Tinplate Company of India Limited (Bse Code 504966)

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97) Transwarranty Finance Limited (Bse Code 532812)

98) Uniply Decor Limited (Bse Code 526957)

99) Usher Agro Limited (Bse Code 532765)

100) Uttam Value Steels Limited (Bse Code 500254)

101) Venkys (India) Limited (Bse Code 523261)

102) Viji Finance Limited (Bse Code 537820)

103) Virtual Global Education Limited (Bse Code 534741)

104) Visesh Infotecnics Limited (Bse Code 532411)

105) VKJ Infradevelopers Limited (Bse Code 536128)

106) WATERBASE Limited. (Bse Code 523660)

107) Windsor Machines Limited (Bse Code 522029)

108) Yuken India Limited (Bse Code 522108)

109) Zenith Exports Limited (Bse Code 512553)

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109 Indian Stocks on Additional Surveillance Measures (ASM) – Should you exit them

Suresh KP


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