ASM List – What to do in ASM list Stocks?

ASM List

The ASM list has created havoc in the stock market. All shares listed under ASM list are declining sharply. Investors are worried and directionless. They are wondering about what to do in ASM listed stocks? If your portfolio also contains ASM shares and you need help about decoding term ASM and precaution you should take here is complete information about ASM including ASM list.

What is ASM?

ASM is Additional Surveillance Measures. It is a new category formulated by SEBI to check market manipulation. High-risk stocks are placed under ASM list. Let’s try to understand this by example.

Graphite India is a multibagger stock. Graphite India has given exceptionally high returns to the investors in past one year. On 31st May, 2017 stock price of Graphite India was Rs.115 and on 31st May, 2018 price of Graphite India was Rs.888. This means in last one year this stock has given 672% CAGR return to the investors.

Graphite India is now placed under ASM list. Similar to Graphite India there are other multibagger stocks such as HEG, Dilip Buildcon which are placed in ASM list. You must be thinking why multibagger stocks are placed in ASM list.

The stocks that follow simple criteria such as price volume spike is put under watch. Apart from that if a stock price is not justifying fundamentals it is put under ASM list.

Also Read – Top 5 Best Stock Screener for Indian Stock Market

ASM list is released by BSE and NSE as per SEBI’s guideline under ASM framework. The intent is to keep the Indian equity markets safe for investors and check undue volatility in stock prices.

The exchange will review these stocks on a bimonthly basis and make the changes as per ASM framework. The shortlisting of stock under the framework is only on the account of surveillance it is not a disciplinary action against the company.

How ASM affects Investors and Traders?

After getting complete understanding about ASM let’s try to understand how ASM affects stock market investors and traders.

  • Intraday trading in ASM listed stock will be very difficult. Trader dealing in such stocks have to deposit 100% margin, and these counters attract 5% circuit filter. This means stock price in such stock cannot go up or down by more than 5%. This means traders have limited profit or losses.
  • One can sell shares if it is lying in the demat account.
  • For investor it is bad news. Due to negative bias, these type of stocks are likely to fall. Existing investors profit will be negatively impacted.
  • If you are long-term investors you need not worry about such short-term fluctuation or negative news.
  • The ASM measures helps uninformed investor as it reduce speculation in the stock market.

Also Read – Best Stocks to buy in India for long term Investment

ASM List

Here is the list of 125 stocks along with scrip code that are placed under ASM List –

Sr. No.Scrip CodeSecurity Name
15121618K Miles Software Services Ltd
2517356ACI Infocom Ltd
3532762Action Construction Equipment Ltd
4541450Adani Green Energy Ltd
5521070Alok Industries Ltd
6520077Amtek Auto Ltd
7500012Andhra Petrochemicals Ltd
8540692Apex Frozen Foods Ltd
9532914Arcotech Ltd
10516064Arrow Greentech Ltd
11540024Ashari Agencies Ltd
12514394Atlas Jewellery India Ltd
13590021Bharat Rasayan Ltd
14500055Bhushan Steel Ltd
15533321Bil Energy Systems Ltd
16500020Bombay Dyeing & Manufacturing Company Ltd
17532678Bombay Rayon Fashions Ltd
18540006Bullish Bonds & Holdings Ltd
19517421Butterfly Gandhimathi Appliances Ltd
20532282Castex Technologies Ltd
21511742Chokhani Securities Ltd
22532342Commex Technology Ltd
23522163Diamond Power Infrastructure Ltd
24506414Dil Ltd
25505526Dolat Investments Ltd
26533264Electrosteel Steels Ltd
27533218Emami Infrastructure Ltd
28500650Excel Industries Ltd
29533090Excel Realty N Infra Ltd
30500139Fedders Electric and Engineering Ltd
31533333Fineotex Chemical Ltd
32502865Forbes & Company Ltd
33539730Fredun Pharmaceuticals Ltd
34539228Gala Global Products Ltd
35539407Generic Engineering Construction and Projects Ltd
36507488GM Breweries Ltd
37538787Goenka Business & Finance Ltd
38509488Graphite India Ltd
39532775GTL Infrastructure Ltd
40524226Gujarat Ambuja Exports Ltd
41532708GVK Power & Infrastructure Ltd
42500201India Glycols Ltd
43533520Indiabulls Integrated Services Ltd
44532960Indiabulls Ventures Ltd
45530773IVRCL Ltd
46533207Jaypee Infratech Ltd
47514034JBF Industries Ltd
48531543Jindal Worldwide Ltd
49519248JVL Agro Industries Ltd
50532054KDDL Ltd
51532967Kiri Industries Ltd
52531328Kretto Syscon Ltd
53532997KSK Energy Ventures Ltd
54530149KSL & Industries Ltd
55532081KSS Ltd
56506079Lakshmi Precision Screws Ltd
57540702Lasa Supergenerics Ltd
58539207Manpasand Beverages Ltd
59513335Metalyst Forgings Ltd
60540023Millitoons Entertainment Ltd
61500279Mirc Electronics Ltd
62531453Mohit Industries Ltd
63530047Mohota Industries Ltd
64513446Monnet Ispat & Energy Ltd
65500288Morepen Laboratories Ltd
66517140MOSER BAER INDIA LTD.
67532376MRO-TEK Realty Ltd
68532895Nagreeka Capital & Infrastructure Ltd
69513179National Steel and Agro Industries Ltd
70504112Nelco Ltd
71538772Niyogin Fintech Ltd
72538547Oasis Tradelink Ltd
73532439Olectra Greentech Ltd
74533317Omkar Speciality Chemicals Ltd
75530135Optiemus Infracom Ltd
76501179Oscar Investments Ltd
77532742Paushak Ltd
78530381Petron Engineering Construction Ltd
79511116Quadrant Televentures Ltd
80532497Radico Khaitan Ltd
81500339Rain Industries Ltd
82523289Rama Vision Ltd
83514223Ramgopal Polytex Ltd
84533262Ramky Infrastructure Ltd
85533107Reliance Naval and Engineering Ltd
86500365RMG Alloy Steel Ltd
87506642Sadhana Nitro Chem Ltd
88538557Sai Baba Investment And Commercial Enterprises Ltd
89526807Seamec Ltd
90533389Shilpi Cable Technologies Ltd
91532679SORIL Infra Resources Ltd
92530943Sri Adhikari Brothers Television Network Ltd
93539363Sri Krishna Constructions (India) Ltd
94536799SRS Finance Ltd
95533569SRS Ltd
96533305SRS Real Infrastructure Ltd
97531723Stampede Capital Ltd
98570005Stampede Capital Ltd – DVR
99512299Sterling Biotech Ltd
100508969Sulabh Engineers & Services Ltd
101532711Sunil Hitech Engineers Ltd
102535141Sunstar Realty Development Ltd
103521180Super Spinning Mills Ltd
104530677Supreme Holdings & Hospitality (India) Ltd
105532904Supreme Infrastructure India Ltd
106506863Swadeshi Industries & Leasing Ltd
107539353Swaraj Automotives Ltd
108540108Tiaan Ayurvedic & Herbs Ltd
109532812Transwarranty Finance Ltd
110540083TV Vision Ltd
111532513TVS Electronics Ltd
112526957Uniply Decor Ltd
113532765Usher Agro Ltd
114500254Uttam Value Steels Ltd
115503657Veer Energy & Infrastructure Ltd
116523796Viceroy Hotels Ltd
117507880VIP Industries Ltd
118532411Visesh Infotecnics Ltd
119536128VKJ Infradevelopers Ltd
120534976V-Mart Retail Ltd
121523660Waterbase Ltd
122522029Windsor Machines Ltd
123522108Yuken India Ltd
124533339ZEN Technologies Ltd
125512553Zenith Exports Ltd

Note above list is as on 8th Aug 2018. You can find the latest list on BSE website under Notice and Circulars section.

What investor should do in ASM Listed Stocks?

ASM is good for the long-term investors. There can be short-term panic in ASM listed stocks but it is good for quality stocks as it eliminates speculations.

If you have ASM listed stock in your portfolio don’t get panic. Follow the steps given below.

  • Avoid Fresh entry in ASM listed stocks. Due to trading restriction stock price is likely to go down further.
  • Study fundamentals of the stock. If fundamentals of stocks are good to stay invested in the stock. If required take help of a stock market expert.
  • If fundamental of the company is bad then try to exit as early as possible.

Also Read – How to analyze the fundamentals of the company?

I hope the information given above on ASM list will be helpful to the investors.

What is your take on the ASM list?

Do share your queries and comments.

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Happy investing!

Article by Raviraj

Raviraj is the man behind moneyexcel.com. He is graduate in finance, engaged in blogging since 6 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

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1 Comment

  1. Amit Pal says:

    Thanks a lot for such a nice and informative article. Thank you so much for educating us.

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