The stock market is subject to high volatility. This is evident with the ongoing correction as the NIFTY 50 has declined by 185.40 points or 1.07% at 17,146 while the BSE Sensex has lost 501.15 points or 0.86% to be at 57,588 till the afternoon on Monday.
As fluctuation is inherent to the markets, there need to be certain measures in place to protect investors from manipulators. For this purpose, market regulators SEBI and exchanges have been implementing different preemptive monitoring techniques.
One such popular method is adding stocks to the Additional Surveillance Measure (ASM) list. The stocks are added based on metrics like high or low variation, client concentration, close-to-close price variation, volume variation, delivery percentage, number of unique PANs, and PE.
Here are some stocks that have been added by the exchanges to the ASM list for the Short term:
● Ambuja Cements Limited (Stage I)
● Best Agrolife Limited (Stage I)
● Fineotex Chemicals Limited (Stage I)
● Inox Wind Energy Limited (Stage I)
● Venus Pipes & Tubes Limited (Stage I)
● Dhani Services Limited (Stage II)
It must be noted that the stocks do not stay on the list permanently. With a periodic review, the stocks also move out of the list.
Here are some stocks that have been excluded by the exchanges from the ASM list:
● Adani Wilmar Limited
● Dhampur Sugar Mills Limited
● Asian Hotels East Limited
● Solara Active Pharma Sciences Limited
● Servotech Power Systems Limited
● Future Consumer Limited
Written by Anoushka Roy
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.
