Additional Surveillance Measure (ASM) was introduced to regulate the extremely volatile and suspected securities in the Indian stock market, it is a framework used by the Securities and exchange board of India and exchanges to monitor and regulate the trading of specific securities.
Stocks that fall under ASM are subject to more stringent monitoring and reporting requirements to ensure that trading is fair and transparent, protecting investors interests from market abuse.
The ASM list is a list of securities that are currently getting monitored due to factors like price fluctuation, volatility, volume variance, etc. Stocks that are shortlisted for inclusion on the ASM list serve as a warning to investors about unusual price movement. There are certain trading restrictions on these stocks to put an end to any potential conjecture.
The following parameters/metrics are used as criteria by SEBI and stock exchanges to shortlist ASM List stocks
● Close to Close Price Variation
● Client Concentration
● Delivery Percentage
● High Low Variation
● Market Capitalization
● No. of Unique PANs
● Price Earning Ratio (PE)
● Volume Variation
As per reports, Vijay Kishanlal Kedia publicly holds 16 stocks with a net worth of over Rs. 1,383.7 Cr and here is a list of stocks held by him which is Under Additional Surveillance Measure(ASM) of Sebi.
Neuland Laboratories
On Wednesday October 18, 2023, the shares of Neuland Laboratories were trading at Rs. 4,100 per share, up 2 percent from its previous day close price and the market capitalization of the company is Rs. 5,244 crores
As per BSE Filing for quarter ended september 2023 Ace investor Vijay Kedia holds 1.25 percent stake in the company consisting of 1,60,000 equity shares.
Patel Engineering
Today the shares of Patel Engineering were trading at Rs. 50 per share, down 1.86 percent from its previous day close price and the market capitalization of the company is Rs. 3,868 crores.
As per BSE Filing for quarter ended september 2023 Ace investor Vijay Kedia holds 1.68 percent stake in the company through Kedia Securities Private Limited consisting of 1,30,00,000 equity share.
Talbros Automotive Components
Today the shares of Talbros Automotive Components were trading at Rs. 1,147 per share, up 1.80 percent from its previous day close price and the market capitalization of the company is Rs. 1,414 crores.
As per BSE Filing for quarter ended september 2023 Ace investor Vijay Kedia holds 1.22 percent stake in the company consisting of 1,50,000 equity share.
Precision Camshafts
Today the shares of Precision Camshafts were trading at Rs. 277 per share, up 0.45 percent from its previous day close price and the market capitalization of the company is Rs. 2,626 crores.
As per BSE Filing for quarter ended september 2023 Ace investor Vijay Kedia holds 1.16 percent stake in the company consisting of 11,00,000 equity shares.
Elecon Engineering Company
Today the shares of Elecon Engineering Company were trading at Rs. 815 per share, up 0.40 percent from its previous day close price and the market capitalization of the company is Rs 9,111 crores.
As per BSE Filing for quarter ended september 2023 Ace investor Vijay Kedia holds 1.6 percent stake in the company consisting of 18,00,000 equity shares.
Atul Auto
Today the shares of Atul Auto were trading at Rs. 611 per share, up 1.70 percent from its previous day close price and the market capitalization of the company is 1,592 Crores.
As per BSE Filing for quarter ended september 2023 Ace investor Vijay Kedia holds 18.20 percent stake in the company consisting of 50,50,505 equity shares and in addition to this he holds 2.71 percent stake consisting of 7,51,512 equity shares through Kedia Securities Private Limited.
Written by Bharath KS
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