Additional Surveillance Measure (ASM) is a regulatory mechanism in the stock market implemented by exchanges to closely monitor certain securities.
Securities are identified based on criteria like price volatility, trading volumes, and market capitalization, and are then subjected to enhanced monitoring, stricter margin requirements, and increased disclosure obligations. It aims to enhance market integrity, mitigate risks, and protect investors.
Here is a list of few stocks which are out of ASM category to keep an eye on:
Schneider Electric Infrastructure Limited
Schneider Electric Infrastructure Limited was placed under Long Term ASM Stage 1 from June 14, 2024, and exited on August 23, 2024. Since exiting, the stock has gained nearly 3 percent and continues to trade actively in the secondary market.
With a market capitalization of Rs.19,618 crore, the share price of the company reached an intraday high of Rs.839 per share, rising 3 percent from its previous close.
Also read
Schneider Electric Infrastructure Limited is an India-based company engaged in manufacturing, designing, building, and servicing technologically advanced products and systems for electricity distribution.
Bharat Bijlee Limited
Bharat Bijlee Limited was under Long Term ASM Stage 1 from May 22, 2024, until its exit on August 23, 2024. Since exiting, the stock has gained nearly 10 percent and is actively trading in the market.
With a market capitalization of Rs.5,891 crore, the company’s share price reached an intraday high of Rs.5,255.65 apiece, rising around 4 percent from its previous close.
Bharat Bijlee Limited specialises in electrical engineering, focusing on transformers, electric motors, magnet technology machines, and drives and automation systems, and also undertakes turnkey projects.
Hindustan Zinc Limited
Hindustan Zinc Limited was placed under Long Term ASM Stage 1 from May 21, 2024, and exited on August 23, 2024. Since its exit, the stock has risen by approximately 4.1 percent and remains actively traded.
The company, with a market capitalization of Rs.2.25 lakh crore, saw its share price reach an intraday high of Rs.537.7 per share, up around 1.8 percent from its previous close.
Hindustan Zinc Limited, based in India, explores, extracts, and processes minerals, and manufactures zinc, lead, silver, commercial power, and alloys.
Kirloskar Oil Engines Limited
Kirloskar Oil Engines Limited was under Long Term ASM Stage 1 from May 17, 2024, until its exit on August 23, 2024. Since then, the stock has remained stable and continues to be actively traded.
The company, with a market capitalization of Rs.18,599 crore, saw its share price reach an intraday high of Rs.1,301 per share, rising 0.4 percent from its previous close.
Kirloskar Oil Engines Limited specialises in the manufacturing of engines, generating sets, pump sets, power tillers, and related spare parts.
Written by – Siddesh S Raskar
Also read
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.
