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

Sr. No. Scrip Code Security Name
1 538570 Achal Investments Ltd
2 517356 ACI Infocom Ltd
3 532762 Action Construction Equipment Ltd
4 521070 Alok Industries Ltd
5 539693 Alora Trading Company Ltd
6 507525 Amrit Corp Ltd
7 520077 Amtek Auto Ltd
8 540692 Apex Frozen Foods Ltd
9 511064 Aplaya Creations Ltd
10 500016 Aruna Hotels Ltd
11 526187 Ashram Online.Com Ltd
12 507526 Associated Alcohols & Breweries Ltd
13 539018 Beekay Steel Industries Ltd
14 500052 Bhansali Engineering Polymers Ltd
15 523229 Bharat Seats Ltd
16 533321 Bil Energy Systems Ltd
17 500020 Bombay Dyeing & Manufacturing Company Ltd
18 532678 Bombay Rayon Fashions Ltd
19 540006 Bullish Bonds & Holdings Ltd
20 517421 Butterfly Gandhimathi Appliances Ltd
21 511742 Chokhani Securities Ltd
22 532342 Commex Technology Ltd
23 539131 Crescent Leasing Ltd
24 522163 Diamond Power Infrastructure Ltd
25 506414 Dil Ltd
26 540047 Dilip Buildcon Ltd
27 538653 Ejecta Marketing Ltd
28 533264 Electrosteel Steels Ltd
29 533218 Emami Infrastructure Ltd
30 530333 Emgee Cables & Communications Ltd
31 500650 Excel Industries Ltd
32 533090 Excel Realty N Infra Ltd
33 514474 Fairdeal Filaments Ltd
34 533333 Fineotex Chemical Ltd
35 502865 Forbes & Company Ltd
36 539730 Fredun Pharmaceuticals Ltd
37 539228 Gala Global Products Ltd
38 512493 Garnet International Ltd
39 539407 Generic Engineering Construction and Projects Ltd
40 509567 Goa Carbon Ltd
41 532734 Godawari Power and Ispat Ltd
42 538787 Goenka Business & Finance Ltd
43 532439 Goldstone Infratech Ltd
44 509488 Graphite India Ltd
45 532951 GSS Infotech Ltd
46 532775 GTL Infrastructure Ltd
47 532708 GVK Power & Infrastructure Ltd
48 509631 HEG Ltd
49 509675 HIL Ltd
50 500184 Himadri Speciality Chemical Ltd
51 509627 Hindustan Dorr-Oliver Ltd
52 500201 India Glycols Ltd
53 532960 Indiabulls Ventures Ltd
54 530773 IVRCL Ltd
55 533207 Jaypee Infratech Ltd
56 514034 JBF Industries Ltd
57 531543 Jindal Worldwide Ltd
58 539679 Kapil Raj Finance Ltd
59 532054 KDDL Ltd
60 532997 KSK Energy Ventures Ltd
61 530149 KSL & Industries Ltd
62 532081 KSS Ltd
63 531882 Kwality Ltd
64 539992 Lloyds Steels Industries Ltd
65 513269 Man Industries (India) Ltd
66 500279 Mirc Electronics Ltd
67 530047 Mohota Industries Ltd
68 505343 Monotype India Ltd
69 500298 National Peroxide Ltd
70 538772 Niyogin Fintech Ltd
71 538547 Oasis Tradelink Ltd
72 538019 Oceanaa Biotek Industries Ltd
73 533317 Omkar Speciality Chemicals Ltd
74 530135 Optiemus Infracom Ltd
75 501179 Oscar Investments Ltd
76 539007 Pincon Lifestyle Ltd
77 506022 Prakash Industries Ltd
78 511116 Quadrant Televentures Ltd
79 532497 Radico Khaitan Ltd
80 500339 Rain Industries Ltd
81 514223 Ramgopal Polytex Ltd
82 533107 Reliance Naval and Engineering Ltd
83 519097 Ritesh International Ltd
84 519260 Sanwaria Consumer Ltd
85 531893 Sawaca Business Machines Ltd
86 531925 Shantanu Sheorey Aquakult Ltd
87 538212 Sharp Investments Ltd
88 533520 SORIL Holdings and Ventures Ltd
89 536799 SRS Finance Ltd
90 533569 SRS Ltd
91 533305 SRS Real Infrastructure Ltd
92 531723 Stampede Capital Ltd
93 570005 Stampede Capital Ltd – DVR
94 512299 Sterling Biotech Ltd
95 508998 Sterling International Enterprises Ltd
96 532711 Sunil Hitech Engineers Ltd
97 535141 Sunstar Realty Development Ltd
98 530677 Supreme Holdings & Hospitality (India) Ltd
99 532904 Supreme Infrastructure India Ltd
100 506863 Swadeshi Industries & Leasing Ltd
101 533200 Talwalkars Better Value Fitness Ltd
102 540108 Tiaan Ayurvedic & Herbs Ltd
103 504966 Tinplate Company of India Ltd
104 532812 Transwarranty Finance Ltd
105 526957 Uniply Decor Ltd
106 532765 Usher Agro Ltd
107 500254 Uttam Value Steels Ltd
108 523261 Venkys (India) Ltd
109 537820 Viji Finance Ltd
110 534741 Virtual Global Education Ltd
111 532411 Visesh Infotecnics Ltd
112 536128 VKJ Infradevelopers Ltd
113 523660 Waterbase Ltd
114 522029 Windsor Machines Ltd
115 522108 Yuken India Ltd
116 512553 Zenith Exports Ltd

Note above list is as on 7th June 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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