ASM stands for Additional Surveillance Measure. ASM is an initiative by SEBI and stock exchanges to monitor and control trading activities of certain securities that exhibit unusual price and volume variations or high levels of volatility.
ASM should not be interpreted as a list of fundamentally weak companies. The intention behind ASM is to identify securities with abnormal price movements or volatility to help investors understand what they are getting into. ASM is thus an essential tool put in place to enhance market integrity by safeguarding the interests of investors.
Securities under ASM are closely monitored and can be moved to more restrictive stages or exited from the framework based on their trading behaviour. The staged approach aims to curb speculative and manipulative activities while protecting investors.
Listed below are such financially strong stocks that are under the ASM stage 1:
Jupiter Wagons Ltd
With a market capitalization of Rs. 28,640 crores, the shares of the rail freight wagons manufacturing company started Thursday’s trading session on a higher note at Rs. 696.50 compared to its previous close of Rs. 693.50.
Looking at the company’s financial performance, the revenue increased by 25 percent from Rs. 895.84 crores during the December quarter to Rs. 1,115.41 crores in the March quarter. In addition, the net profits zoomed by 28 percent from Rs. 81.46 crores to Rs. 104.63 crores during the same period.
Titagarh Rail Systems Ltd
With a market capitalization of Rs. 23,968 crores, the shares of Passenger Coaches manufacturing company started Thursday’s trading session on a higher note at Rs. 1,804.95 compared to its previous close of Rs. 1,780.30.
Coming onto the company’s financial statements, the revenue jumped by 10 percent from Rs. 954.68 crores during the December quarter to Rs. 1,052.41 crores in the March quarter. On the other hand, the net profits increased by 6 percent from Rs. 74.82 crores to Rs. 78.95 crores during the same timeframe.
Hindustan Zinc Ltd
With a market capitalization of Rs. 2,84,385 crores, the shares of the zinc and silver-producing company started Thursday’s trading session on a higher note at Rs. 695.95 compared to its previous close of Rs. 673.05.
Looking at the company’s financial statements, the revenue increased by 3 percent from Rs. 7,067 crores during the December quarter to Rs. 7,285 crores in the March quarter. On the other hand, the net profits increased by around 1 percent from Rs. 2,028 crores to Rs. 2,038 crores during the same timeframe. Force Motors Ltd
With a market capitalization of Rs. 11,820 crores, the shares of the automobile manufacturing company started Thursday’s trading session on a higher note at Rs. 9,098.45 compared to its previous close of Rs. 8,925.
Coming onto the company’s financial performance, the revenue zoomed by 19 percent from Rs. 1,692 crores during the December quarter to Rs. 2,011 crores in the March quarter. In addition, the net profits surged by 65 percent from Rs. 85 crores to Rs. 140 crores during the same timeframe.
Written By Vaibhav Patil
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