ASM – ADDITIONAL SURVEILLANCE MEASURES BY SEBI

Securities and Exchange Board of India (SEBI) and Exchanges in order to enhance market integrity and safeguard interest of investors, have been introducing various enhanced pre-emptive surveillance measures such as reduction in price band, periodic call auction and transfer of securities to Trade to Trade category from time to time.

In continuation to various surveillance measures already implemented, SEBI and Exchanges, pursuant to discussions in joint surveillance meetings, have decided that along with the aforesaid measures there shall be Additional Surveillance Measures (ASM) on securities with surveillance concerns based on objective parameters viz. Price variation, Volatility etc.

The shortlisting of securities for placing in ASM is based on an objective criteria as jointly decided by SEBI and Exchanges covering following parameters:

  • High Low Variation
  • Client Concentration
  • No. of Price Band Hits
  • Close to Close Price Variation
  • PE ratio

The aforementioned criteria is dynamic in nature and subject to change from time to time.

The surveillance actions applicable for the shortlisted securities is as under:

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

The securities which are placed under the ASM framework would be reviewed on bimonthly basis for the applicability of Additional Surveillance Measure.

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.

Further, it may also be noted that the shortlisting of securities under ASM is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company / entity.

From 1st June 2018 Sebi has Implimented ASM ( Additional surveillance Measures ) On as many as 37 stocks. ASM is good for investors as Sebi would keep track on stocks price volatility, Price variation,stocks circuit filter as been revised to 5%, Margin Of 100% requires in ASM stocks etc.

👉ASM companies further can be moved to T2T segment after pre determined objective criteria.

👉ASM would be good for investors. There can be short term panic in all those stocks which are identified under ASM by sebi.But good & Quality bussiness with honest & good management would get back to normal once Sebi gives clearance to them.

👉Even A Group stocks like Radico Khaitan, Rain Inds, Bombay Deying & Dilip Buildcon are under ASM

👉List Of Stocks under ASM

1 Amrit Corporation – X Group

2 Apex Frozen Foods -B Group

3 Associated Alcohols & Breweries X

4 Beekay Steel Industries Ltd. X

5 Bhansali Engineering Polymers B

6 Bharat Seats X

7 Bombay Dyeing & Mfg Company A

8 Butterfly Gandhimati Appliances B

9 Dil X

10 Dilip Buildcon A

11 Emami Infrastructure B

12 Excel Industries B

13 Fineotex Chemical B

14 Forbes & Company B

15 Generic Engineering Construction X

16 Goa Carbon B

17 Goldstone Infratech B

18 Graphite India B

19 GVK Power & Infrastructure B

20 HEG B

21 Hil B

22 Himadri Speciality Chemical B

23 India Glycols B

24 Jindal Worldwide B

25 KDDL B

26 Man Industries (India) B

27 Mirc Electronics B

28 Niyogin Fintech B

29 Optiemus Infracom B

30 Radico Khaitan A

31 Rain Industries A

32 Sanwaria Consumer B

33 Tinplate Company of India B

34 Uniply Decor X

35 Venky’s (India) B

36 Windsor Machines B

37 Yuken India X

Notably, among the 37 scrips placed under ASM framework, 4 companies are from the ‘A’ group of BSE — Radico Khaitan, Rain Industries, Dilip Buildcon and Bombay Dyeing Manufacturing Company.List_of_securities_shortlisted_under_ASM