The Short-term Additional Surveillance Measure (ST-ASM) is a regulatory framework by SEBI and stock exchanges to oversee stocks with unusual trading activity. It imposes temporary, stricter trading limits on stocks facing high volatility or speculative activity, aiming to safeguard investors’ interests and ensure fairness and stability in the market.
ST- ASM (Additional Surveillance Measure) Stage 1
When a stock enters Stage 1 of the ST-ASM framework, margin requirements rise sharply, usually between 50% and 100%, based on the stock’s volatility. During this stage, intraday leveraged trading is prohibited, and only CNC (Cash and Carry) delivery trades are allowed, requiring investors to pay the full amount upfront.
Stocks under Stage 1 are reviewed weekly and can be removed from the list within 5 to 15 trading days if trading stabilizes. While active, trading follows strict rules like higher margins, no leverage, and delivery-only trades.
These measures aim to limit excessive speculation, control sudden price swings, and protect retail investors, fostering a transparent and stable market environment.
Criteria for Exclusion from ST ASM
A stock placed under the Short-term Additional Surveillance Measure (ST-ASM) framework remains there for 5 to 15 trading days before review. During this period, the stock exchange monitors its trading closely for unusual price moves, high volatility, or concentrated trading by a few investors.
If the stock’s trading stabilizes and risks decrease, it may be downgraded to a lower stage or removed from the ST-ASM list. This system ensures that only highly volatile or speculative stocks stay under surveillance, while stable performers return to normal trading promptly. Following are the list of stocks that have been shortlisted in the Short-Term ASM Framework:
1. Banco Products (India) Limited
With a market capitalization of Rs. 11,630.36 crore, the shares of Banco Products (India) Limited were currently trading at Rs. 813.10 per equity share. On October 7th, Banco Products (India) was included in the ST-ASM Framework by the stock exchanges.
Banco Products (India) Limited was founded in 1961 in Baroda and manufactures engine cooling systems, radiators, heat exchangers, and gaskets for automotive and industrial use. The company supplies products domestically and internationally, serving both original equipment manufacturers and the aftermarket.
2. Take Solutions Limited
With a market capitalization of Rs. 216.13 crore, the shares of Take Solutions Limited were currently trading at Rs. 14.61 per equity share. On October 7th, Take Solutions was included in the ST-ASM Framework by the stock exchanges.
Take Solutions Limited was incorporated in 2000 in Chennai and initially focused on supply chain management software. It later pivoted to become a full-service clinical research organization, offering technology and consulting solutions to global pharma and biotech companies in regulatory submissions, clinical trials, and data management.
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3. V2 Retail Limited
With a market capitalization of Rs. 7,964.20 crore, the shares of V2 Retail Limited were currently trading at Rs. 2,302.50 per equity share. On October 7th, V2 Retail was included in the ST-ASM Framework by the stock exchanges.
V2 Retail Limited was founded in 2001 and is a leading Indian fashion retail chain offering affordable apparel and accessories under brands like No Brand Only Fashion. It operates over 259 stores across 190 cities, focusing on value, variety, and modern retail experiences in tier-II and tier-III markets.
4. Raj Oil Mills Limited
With a market capitalization of Rs. 86.24 crore, the shares of Raj Oil Mills Limited were currently trading at Rs. 57.54 per equity share. On October 7th, Raj Oil Mills was included in the ST-ASM Framework by the stock exchanges.
Raj Oil Mills Limited was established in 2001 and is based in Mumbai. The company manufactures and sells refined edible oils, vanaspati, and specialty fats. Its products are under brands like Rajdhani and are distributed across India through a wide network of retailers and wholesalers in the fast-moving consumer goods sector.
5. Orient Technologies Limited
With a market capitalization of Rs. 2,015.46 crore, the shares of Orient Technologies Limited were currently trading at Rs. 484 per equity share. On October 7th, Orient Technologies was included in the ST-ASM Framework by the stock exchanges.
Orient Technologies Limited was incorporated in 1997 and is headquartered in Mumbai. The company provides IT services and solutions, including software development, digital transformation, and system integration. It serves clients in banking, insurance, and government sectors with a focus on technology consulting and enterprise application services.
6. NIS Management Limited
With a market capitalization of Rs. 182.16 crore, the shares of NIS Management Limited were currently trading at Rs. 92 per equity share. On October 7th, NIS Management was included in the ST-ASM Framework by the stock exchanges.
NIS Management Limited was established in 1985 in Kolkata by Debajit Choudhury and is a leading provider of integrated security and facility management services in India. The company offers manned guarding, housekeeping, electronic surveillance, payroll management, and fire safety solutions to corporate, industrial, and government clients.
7. BLT Logistics Limited
With a market capitalization of Rs. 29.21 crore, the shares of BLT Logistics Limited were currently trading at Rs. 60.90 per equity share. On October 7th, BLT Logistics was included in the ST-ASM Framework by the stock exchanges.
BLT Logistics Limited was incorporated in 2011 and is headquartered in New Delhi. It specializes in surface transportation of goods via containerized trucks and offers warehousing services across India. It serves diverse industries using owned and third-party fleets, along with technology-driven logistics solutions.
Written By – Nikhil Naik
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