Additional Surveillance Measures, popularly known as “ASM” in the capital markets, is a regulatory mechanism that is aggressively implemented by Stock Exchanges for monitoring as well as regulating the trading activities of certain securities.
It is designed mainly with the intent to enhance market integrity, protect investors’ interests, and mitigate risks in the market. Under the ASM framework, the exchanges identify a specific set of securities based on predefined criteria including trading volumes, price volatility, and market cap.
Listed below are three multibagger stocks under the ‘small-cap’ category that are included in “Stage 4” of the Additional Surveillance Measure (ASM) list:
Himadri Speciality Chemical Limited
With a market capitalization of Rs 16,551.18 crores, the stocks of Himadri Speciality Chemical Limited, primarily engaged in the manufacturing of carbon materials and chemicals, currently trades at Rs 336, gaining approximately 0.70 percent compared to the previous close of Rs 333.85 apiece.
Keeping a purview of the last year, the company’s stock has delivered multibagger returns of approximately 228 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 3.28 lakhs.
Talbros Automotive Components Limited
With a market capitalization of Rs 1,995.67 crores, the stocks of Talbros Automotive Components Limited, engaged in the business of manufacturing forgings and gaskets, currently trades at Rs 322, gaining 4.50 percent compared to the previous close of Rs 307.95 apiece.
Keeping a purview of the last year, the company’s stock has delivered multibagger returns of approximately 253 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 3.53 lakhs.
Shakti Pumps (India) Limited
With a market capitalization of Rs 3,379.72 crores, the stocks of Shakti Pumps (India) Limited, primarily engaged in manufacturing a wide range of pumps and motors, currently trades at Rs 1686.90, hitting its 5 percent upper circuit compared to the previous close of Rs 1606.60 apiece.
Keeping a purview of the last year, the company’s stock has delivered multibagger returns of approximately 279 percent to its stakeholders, viz, if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 3.79 lakhs.
Written by Amit Madnani
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