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.
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.
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|
|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|
|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|
|46||533207||Jaypee Infratech Ltd|
|47||514034||JBF Industries Ltd|
|48||531543||Jindal Worldwide Ltd|
|49||519248||JVL Agro Industries Ltd|
|51||532967||Kiri Industries Ltd|
|52||531328||Kretto Syscon Ltd|
|53||532997||KSK Energy Ventures Ltd|
|54||530149||KSL & Industries 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|
|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|
|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|
|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|
|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|
|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.
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