Stock Market

ASM List – What to do in ASM list Stocks?

ASM List

The ASM list has created havoc in the stock market. All shares listed under ASM list are declining sharply. Investors are worried and directionless. They are wondering about what to do in ASM listed stocks? If your portfolio also contains ASM shares and you need help about decoding term ASM and precaution you should take here is complete information about ASM including ASM list.

What is ASM?

ASM is Additional Surveillance Measures. It is a new category formulated by SEBI to check market manipulation. High-risk stocks are placed under ASM list. Let’s try to understand this by example.

Graphite India is a multibagger stock. Graphite India has given exceptionally high returns to the investors in past one year. On 31st May, 2017 stock price of Graphite India was Rs.115 and on 31st May, 2018 price of Graphite India was Rs.888. This means in last one year this stock has given 672% CAGR return to the investors.

Graphite India is now placed under ASM list. Similar to Graphite India there are other multibagger stocks such as HEG, Dilip Buildcon which are placed in ASM list. You must be thinking why multibagger stocks are placed in ASM list.

The stocks that follow simple criteria such as price volume spike is put under watch. Apart from that if a stock price is not justifying fundamentals it is put under ASM list.

Also Read – Top 5 Best Stock Screener for Indian Stock Market

ASM list is released by BSE and NSE as per SEBI’s guideline under ASM framework. The intent is to keep the Indian equity markets safe for investors and check undue volatility in stock prices.

The exchange will review these stocks on a bimonthly basis and make the changes as per ASM framework. The shortlisting of stock under the framework is only on the account of surveillance it is not a disciplinary action against the company.

How ASM affects Investors and Traders?

After getting complete understanding about ASM let’s try to understand how ASM affects stock market investors and traders.

  • Intraday trading in ASM listed stock will be very difficult. Trader dealing in such stocks have to deposit 100% margin, and these counters attract 5% circuit filter. This means stock price in such stock cannot go up or down by more than 5%. This means traders have limited profit or losses.
  • One can sell shares if it is lying in the demat account.
  • For investor it is bad news. Due to negative bias, these type of stocks are likely to fall. Existing investors profit will be negatively impacted.
  • If you are long-term investors you need not worry about such short-term fluctuation or negative news.
  • The ASM measures helps uninformed investor as it reduce speculation in the stock market.

Also Read – Best Stocks to buy in India for long term Investment

ASM List

Here is the list of 125 stocks along with scrip code that are placed under ASM List –

Sr. No. Scrip Code Security Name
1 512161 8K Miles Software Services Ltd
2 517356 ACI Infocom Ltd
3 532762 Action Construction Equipment Ltd
4 541450 Adani Green Energy Ltd
5 521070 Alok Industries Ltd
6 520077 Amtek Auto Ltd
7 500012 Andhra Petrochemicals Ltd
8 540692 Apex Frozen Foods Ltd
9 532914 Arcotech Ltd
10 516064 Arrow Greentech Ltd
11 540024 Ashari Agencies Ltd
12 514394 Atlas Jewellery India Ltd
13 590021 Bharat Rasayan Ltd
14 500055 Bhushan Steel Ltd
15 533321 Bil Energy Systems Ltd
16 500020 Bombay Dyeing & Manufacturing Company Ltd
17 532678 Bombay Rayon Fashions Ltd
18 540006 Bullish Bonds & Holdings Ltd
19 517421 Butterfly Gandhimathi Appliances Ltd
20 532282 Castex Technologies Ltd
21 511742 Chokhani Securities Ltd
22 532342 Commex Technology Ltd
23 522163 Diamond Power Infrastructure Ltd
24 506414 Dil Ltd
25 505526 Dolat Investments Ltd
26 533264 Electrosteel Steels Ltd
27 533218 Emami Infrastructure Ltd
28 500650 Excel Industries Ltd
29 533090 Excel Realty N Infra Ltd
30 500139 Fedders Electric and Engineering Ltd
31 533333 Fineotex Chemical Ltd
32 502865 Forbes & Company Ltd
33 539730 Fredun Pharmaceuticals Ltd
34 539228 Gala Global Products Ltd
35 539407 Generic Engineering Construction and Projects Ltd
36 507488 GM Breweries Ltd
37 538787 Goenka Business & Finance Ltd
38 509488 Graphite India Ltd
39 532775 GTL Infrastructure Ltd
40 524226 Gujarat Ambuja Exports Ltd
41 532708 GVK Power & Infrastructure Ltd
42 500201 India Glycols Ltd
43 533520 Indiabulls Integrated Services Ltd
44 532960 Indiabulls Ventures Ltd
45 530773 IVRCL Ltd
46 533207 Jaypee Infratech Ltd
47 514034 JBF Industries Ltd
48 531543 Jindal Worldwide Ltd
49 519248 JVL Agro Industries Ltd
50 532054 KDDL Ltd
51 532967 Kiri Industries Ltd
52 531328 Kretto Syscon Ltd
53 532997 KSK Energy Ventures Ltd
54 530149 KSL & Industries Ltd
55 532081 KSS Ltd
56 506079 Lakshmi Precision Screws Ltd
57 540702 Lasa Supergenerics Ltd
58 539207 Manpasand Beverages Ltd
59 513335 Metalyst Forgings Ltd
60 540023 Millitoons Entertainment Ltd
61 500279 Mirc Electronics Ltd
62 531453 Mohit Industries Ltd
63 530047 Mohota Industries Ltd
64 513446 Monnet Ispat & Energy Ltd
65 500288 Morepen Laboratories Ltd
66 517140 MOSER BAER INDIA LTD.
67 532376 MRO-TEK Realty Ltd
68 532895 Nagreeka Capital & Infrastructure Ltd
69 513179 National Steel and Agro Industries Ltd
70 504112 Nelco Ltd
71 538772 Niyogin Fintech Ltd
72 538547 Oasis Tradelink Ltd
73 532439 Olectra Greentech Ltd
74 533317 Omkar Speciality Chemicals Ltd
75 530135 Optiemus Infracom Ltd
76 501179 Oscar Investments Ltd
77 532742 Paushak Ltd
78 530381 Petron Engineering Construction Ltd
79 511116 Quadrant Televentures Ltd
80 532497 Radico Khaitan Ltd
81 500339 Rain Industries Ltd
82 523289 Rama Vision Ltd
83 514223 Ramgopal Polytex Ltd
84 533262 Ramky Infrastructure Ltd
85 533107 Reliance Naval and Engineering Ltd
86 500365 RMG Alloy Steel Ltd
87 506642 Sadhana Nitro Chem Ltd
88 538557 Sai Baba Investment And Commercial Enterprises Ltd
89 526807 Seamec Ltd
90 533389 Shilpi Cable Technologies Ltd
91 532679 SORIL Infra Resources Ltd
92 530943 Sri Adhikari Brothers Television Network Ltd
93 539363 Sri Krishna Constructions (India) Ltd
94 536799 SRS Finance Ltd
95 533569 SRS Ltd
96 533305 SRS Real Infrastructure Ltd
97 531723 Stampede Capital Ltd
98 570005 Stampede Capital Ltd – DVR
99 512299 Sterling Biotech Ltd
100 508969 Sulabh Engineers & Services Ltd
101 532711 Sunil Hitech Engineers Ltd
102 535141 Sunstar Realty Development Ltd
103 521180 Super Spinning Mills Ltd
104 530677 Supreme Holdings & Hospitality (India) Ltd
105 532904 Supreme Infrastructure India Ltd
106 506863 Swadeshi Industries & Leasing Ltd
107 539353 Swaraj Automotives Ltd
108 540108 Tiaan Ayurvedic & Herbs Ltd
109 532812 Transwarranty Finance Ltd
110 540083 TV Vision Ltd
111 532513 TVS Electronics Ltd
112 526957 Uniply Decor Ltd
113 532765 Usher Agro Ltd
114 500254 Uttam Value Steels Ltd
115 503657 Veer Energy & Infrastructure Ltd
116 523796 Viceroy Hotels Ltd
117 507880 VIP Industries Ltd
118 532411 Visesh Infotecnics Ltd
119 536128 VKJ Infradevelopers Ltd
120 534976 V-Mart Retail Ltd
121 523660 Waterbase Ltd
122 522029 Windsor Machines Ltd
123 522108 Yuken India Ltd
124 533339 ZEN Technologies Ltd
125 512553 Zenith Exports Ltd

Note above list is as on 8th Aug 2018. You can find the latest list on BSE website under Notice and Circulars section.

What investor should do in ASM Listed Stocks?

ASM is good for the long-term investors. There can be short-term panic in ASM listed stocks but it is good for quality stocks as it eliminates speculations.

If you have ASM listed stock in your portfolio don’t get panic. Follow the steps given below.

  • Avoid Fresh entry in ASM listed stocks. Due to trading restriction stock price is likely to go down further.
  • Study fundamentals of the stock. If fundamentals of stocks are good to stay invested in the stock. If required take help of a stock market expert.
  • If fundamental of the company is bad then try to exit as early as possible.

Also Read – How to analyze the fundamentals of the company?

I hope the information given above on ASM list will be helpful to the investors.

What is your take on the ASM list?

Do share your queries and comments.

Subscribe to our blog and get latest updates in your inbox.

Happy investing!

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

About the author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is graduate in finance, engaged in blogging since 6 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

1 Comment

Click here to post a comment

Subscribe to Blog via Email

Never Miss Updates

Money Excel Andriod App


counter