ASM List – What to do in ASM list Stocks?

In Stock Market | Last Updated October 16, 2017|3 Comments

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 91 stocks along with scrip code that are placed under ASM List –

Sr No Symbol Company Name
1 8KMILES 8K Miles Software Services Limited
2 ACE Action Construction Equipment Limited
3 ADANIGREEN Adani Green Energy Limited
4 ADANITRANS Adani Transmission Limited
5 ALOKTEXT Alok Industries Limited
6 AMTEKAUTO Amtek Auto Limited
7 APEX Apex Frozen Foods Limited
8 ARCOTECH Arcotech Limited
9 ARROWGREEN Arrow Greentech Limited
10 BHARATRAS Bharat Rasayan Limited
11 BILENERGY Bil Energy Systems Limited
12 BIRLACABLE Birla Cable Limited
13 BOMDYEING Bombay Dyeing & Mfg Company Limited
14 BRFL Bombay Rayon Fashions Limited
15 BUTTERFLY Butterfly Gandhimathi Appliances Limited
16 CIGNITITEC Cigniti Technologies Limited
17 DIAPOWER Diamond Power Infra Ltd
19 EMAMIINFRA Emami Infrastructure Limited
20 EMCO Emco Limited
21 EXCEL Excel Realty N Infra Limited
22 EXCELINDUS Excel Industries Limited
23 FCL Fineotex Chemical Limited
24 GAEL Gujarat Ambuja Exports Limited
25 GALLISPAT Gallantt Ispat Limited
26 GAYAHWS Gayatri Highways Limited
28 GLOBUSSPR Globus Spirits Limited
29 GMBREW GM Breweries Limited
30 GRAPHITE Graphite India Limited
31 GTLINFRA GTL Infrastructure Limited
32 GVKPIL GVK Power & Infrastructure Limited
33 IBULISL Indiabulls Integrated Services Limited
34 IBVENTURES Indiabulls Ventures Limited
35 INDIAGLYCO India Glycols Limited
36 IOLCP IOL Chemicals and Pharmaceuticals Limited
38 JBFIND JBF Industries Limited
39 JINDWORLD Jindal Worldwide Limited
40 JPINFRATEC Jaypee Infratech Limited
41 KDDL KDDL Limited
42 KIRIINDUS Kiri Industries Limited
44 KSK KSK Energy Ventures Limited
45 LAKPRE Lakshmi Precision Screws Limited
46 LITL Lanco Infratech Limited
47 MANPASAND Manpasand Beverages Limited
48 MERCK Merck Limited
49 MIRCELECTR MIRC Electronics Limited
50 MOHITIND Mohit Industries Limited
51 MOREPENLAB Morepen Laboratories Limited
52 MRO-TEK MRO-TEK Realty Limited
53 NAGREEKCAP Nagreeka Capital & Infrastructure Limited
54 NATNLSTEEL National Steel And Agro Industries Limited
55 NELCO NELCO Limited
56 OLECTRA Olectra Greentech Limited
57 OMKARCHEM Omkar Speciality Chemicals Limited
58 OPTIEMUS Optiemus Infracom Limited
59 PETRONENGG Petron Engineering Construction Limited
60 RADICO Radico Khaitan Limited
61 RAIN Rain Industries Limited
62 RAMGOPOLY Ramgopal Polytex Limited
63 RAMKY Ramky Infrastructure Limited
64 RESPONIND Responsive Industries Limited
65 RNAVAL Reliance Naval and Engineering Limited
66 ROLTA Rolta India Limited
67 SABTN Sri Adhikari Brothers Television Network Limited
68 SCAPDVR Stampede Capital Limited
69 SEAMECLTD Seamec Limited
70 SHILPI Shilpi Cable Technologies Limited
71 SOLARA Solara Active Pharma Sciences Limited
72 SORILINFRA SORIL Infra Resources Limited
73 SPLIL SPL Industries Limited
74 SRSLTD SRS Limited
75 STAMPEDE Stampede Capital Limited
76 STERLINBIO Sterling Biotech Limited
77 SUNILHITEC Sunil Hitech Engineers Limited
78 SUPERSPIN Super Spinning Mills Limited
79 SUPREMEINF Supreme Infrastructure India Limited
80 TEXMOPIPES Texmo Pipes and Products Limited
81 TFL Transwarranty Finance Limited
82 TVSELECT TVS Electronics Limited
83 TVVISION TV Vision Limited
84 UVSL Uttam Value Steels Limited
85 VINDHYATEL Vindhya Telelinks Limited
86 VIPIND VIP Industries Limited
87 VISESHINFO Visesh Infotecnics Limited
88 VMART V-Mart Retail Limited
89 WEIZMANIND Weizmann Limited
90 ZENITHEXPO Zenith Exports Limited
91 ZENTEC Zen Technologies Limited

Note above list is as on 21st Sept 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.

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1 Comment

  1. Amit Pal says:

    Thanks a lot for such a nice and informative article. Thank you so much for educating us.

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