The Securities and Exchange Board of India (SEBI) and the stock exchanges have introduced various pre-emptive surveillance measures to enhance market integrity and safeguard the interest of investors. Some of these measures include the reduction in price band, periodic call auction and transfer of securities to the Trade for Trade segment from time to time.
Apart from the above measures, there are Additional Surveillance Measures (ASM). Securities are placed in the ASM list based on objective parameters like price/volume variation, volatility, client concentration, market capitalization, delivery percentage, price-to-earnings ratio, and the number of unique PANs.
The main objective of putting these stocks in the ASM category is to make investors cautious and to alert them while dealing with such stocks.
Here are a few stocks that are currently in the ASM category:
Adani Power Limited
The shares of the power major are under the ASM-STAGE I category, for the long term. The price band of the company’s shares is fixed at 5%.
Adani Wilmar Limited
The shares of the FMCG food company are under the ASM-STAGE IV category for the long term. The shares are currently under the 5% price band.
Tanla Platforms Limited
The shares of the information technology company are currently in the ASM-STAGE I list for the short term. The shares of the company dropped by nearly 40% from July 25, 2022, to July 27, 2022. Currently, the price band of the company’s shares is fixed at 5%.
Star Health and Allied Insurance Company Limited
The shares of the company ASM-STAGE I category for the short term. Its share price is currently under a 20% price band.
Written by Simran Bafna
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
