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 116 stocks along with scrip code that are placed under ASM List –

Sr. No.Scrip CodeSecurity Name
1538570Achal Investments Ltd
2517356ACI Infocom Ltd
3532762Action Construction Equipment Ltd
4521070Alok Industries Ltd
5539693Alora Trading Company Ltd
6507525Amrit Corp Ltd
7520077Amtek Auto Ltd
8540692Apex Frozen Foods Ltd
9511064Aplaya Creations Ltd
10500016Aruna Hotels Ltd
11526187Ashram Online.Com Ltd
12507526Associated Alcohols & Breweries Ltd
13539018Beekay Steel Industries Ltd
14500052Bhansali Engineering Polymers Ltd
15523229Bharat Seats Ltd
16533321Bil Energy Systems Ltd
17500020Bombay Dyeing & Manufacturing Company Ltd
18532678Bombay Rayon Fashions Ltd
19540006Bullish Bonds & Holdings Ltd
20517421Butterfly Gandhimathi Appliances Ltd
21511742Chokhani Securities Ltd
22532342Commex Technology Ltd
23539131Crescent Leasing Ltd
24522163Diamond Power Infrastructure Ltd
25506414Dil Ltd
26540047Dilip Buildcon Ltd
27538653Ejecta Marketing Ltd
28533264Electrosteel Steels Ltd
29533218Emami Infrastructure Ltd
30530333Emgee Cables & Communications Ltd
31500650Excel Industries Ltd
32533090Excel Realty N Infra Ltd
33514474Fairdeal Filaments Ltd
34533333Fineotex Chemical Ltd
35502865Forbes & Company Ltd
36539730Fredun Pharmaceuticals Ltd
37539228Gala Global Products Ltd
38512493Garnet International Ltd
39539407Generic Engineering Construction and Projects Ltd
40509567Goa Carbon Ltd
41532734Godawari Power and Ispat Ltd
42538787Goenka Business & Finance Ltd
43532439Goldstone Infratech Ltd
44509488Graphite India Ltd
45532951GSS Infotech Ltd
46532775GTL Infrastructure Ltd
47532708GVK Power & Infrastructure Ltd
48509631HEG Ltd
49509675HIL Ltd
50500184Himadri Speciality Chemical Ltd
51509627Hindustan Dorr-Oliver Ltd
52500201India Glycols Ltd
53532960Indiabulls Ventures Ltd
54530773IVRCL Ltd
55533207Jaypee Infratech Ltd
56514034JBF Industries Ltd
57531543Jindal Worldwide Ltd
58539679Kapil Raj Finance Ltd
59532054KDDL Ltd
60532997KSK Energy Ventures Ltd
61530149KSL & Industries Ltd
62532081KSS Ltd
63531882Kwality Ltd
64539992Lloyds Steels Industries Ltd
65513269Man Industries (India) Ltd
66500279Mirc Electronics Ltd
67530047Mohota Industries Ltd
68505343Monotype India Ltd
69500298National Peroxide Ltd
70538772Niyogin Fintech Ltd
71538547Oasis Tradelink Ltd
72538019Oceanaa Biotek Industries Ltd
73533317Omkar Speciality Chemicals Ltd
74530135Optiemus Infracom Ltd
75501179Oscar Investments Ltd
76539007Pincon Lifestyle Ltd
77506022Prakash Industries Ltd
78511116Quadrant Televentures Ltd
79532497Radico Khaitan Ltd
80500339Rain Industries Ltd
81514223Ramgopal Polytex Ltd
82533107Reliance Naval and Engineering Ltd
83519097Ritesh International Ltd
84519260Sanwaria Consumer Ltd
85531893Sawaca Business Machines Ltd
86531925Shantanu Sheorey Aquakult Ltd
87538212Sharp Investments Ltd
88533520SORIL Holdings and Ventures Ltd
89536799SRS Finance Ltd
90533569SRS Ltd
91533305SRS Real Infrastructure Ltd
92531723Stampede Capital Ltd
93570005Stampede Capital Ltd – DVR
94512299Sterling Biotech Ltd
95508998Sterling International Enterprises Ltd
96532711Sunil Hitech Engineers Ltd
97535141Sunstar Realty Development Ltd
98530677Supreme Holdings & Hospitality (India) Ltd
99532904Supreme Infrastructure India Ltd
100506863Swadeshi Industries & Leasing Ltd
101533200Talwalkars Better Value Fitness Ltd
102540108Tiaan Ayurvedic & Herbs Ltd
103504966Tinplate Company of India Ltd
104532812Transwarranty Finance Ltd
105526957Uniply Decor Ltd
106532765Usher Agro Ltd
107500254Uttam Value Steels Ltd
108523261Venkys (India) Ltd
109537820Viji Finance Ltd
110534741Virtual Global Education Ltd
111532411Visesh Infotecnics Ltd
112536128VKJ Infradevelopers Ltd
113523660Waterbase Ltd
114522029Windsor Machines Ltd
115522108Yuken India Ltd
116512553Zenith Exports Ltd

Note above list is as on 7th June 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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