ASM List

What is ASM list? How to get ASM listed shares?

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.

ASM list - Additional Surveillance Measure 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 31^st May, 2017 stock price of Graphite India was Rs.115 and on 31^st 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

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

Long-Term – Additional Surveillance Measure (LT-ASM)

SR. NO	SYMBOL	COMPANY NAME	ASM STAGE
1	ADROITINFO	Adroit Infotech Limited	LTASM – I
2	AEGISLOG	Aegis Logistics Limited	LTASM – I
3	AGNI	Agni Green Power Limited	LTASM – I
4	AJOONI	Ajooni Biotech Limited	LTASM – I
5	AKASH	Akash Infra Projects Limited	LTASM – I
6	AKASH	Akash Infra-Projects Limited	LTASM – I
7	AKI	AKI India Limited	LTASM – I
8	ANANDRATHI	Anand Rathi Wealth Limited	LTASM – I
9	ANIKINDS	Anik Industries Limited	LTASM – I
10	APOLLO	Apollo Micro Systems Limited	LTASM – I
11	ASHAPURMIN	Ashapura Minechem Limited	LTASM – I
12	ASMS	Bartronics India Limited	LTASM – I
13	AURIONPRO	Aurionpro Solutions Limited	LTASM – II
14	BASML	Bannari Amman Spinning Mills Limited	LTASM – I
15	BBL	Bharat Bijlee Limited	LTASM – I
16	BIRDYS	Grill Splendour Services Limited	LTASM – I
17	BSE	BSE Limited	LTASM – I
18	BYKE	The Byke Hospitality Ltd	LTASM – I
19	COMSYN	Commercial Syn Bags Limited	LTASM – I
20	CONTI	Continental Seeds and Chemicals Limited	LTASM – I
21	CUPID	Cupid Limited	LTASM – IV
22	DBCORP	D.B.Corp Limited	LTASM – I
23	DHANBANK	Dhanlaxmi Bank Limited	LTASM – II
24	DHTL	Docmode Health Technologies Limited	LTASM – I
25	DOLATALGO	Dolat Algotech Limited	LTASM – I
26	DOLPHIN	Dolphin Offshore Enterprises (India) Limited	LTASM – IV
27	DRONE	Drone Destination Limited	LTASM – I
28	DSSL	Dynacons Systems & Solutions Limited	LTASM – I
29	DYNAMATECH	Dynamatic Technologies Limited	LTASM – I
30	EIMCOELECO	Eimco Elecon (India) Limited	LTASM – III
31	ELECTCAST	Electrosteel Castings Limited	LTASM – I
32	EMAMIREAL	Emami Realty Limited	LTASM – I
33	EMIL	Electronics Mart India Limited	LTASM – I
34	EMUDHRA	eMudhra Limited	LTASM – I
35	ENERGYDEV	Energy Development Company Limited	LTASM – I
36	ESSARSHPNG	Essar Shipping Limited	LTASM – I
37	FMNL	Future Market Networks Limited	LTASM – I
38	FORCEMOT	FORCE MOTORS LTD	LTASM – I
39	GALLANTT	Gallantt Ispat Limited	LTASM – IV
40	GENSOL	Gensol Engineering Limited	LTASM – I
41	GET&D	GE T&D India Limited	LTASM – IV
42	GODHA	Godha Cabcon & Insulation Limited	LTASM – I
43	GPTINFRA	GPT Infraprojects Limited	LTASM – IV
44	GRCL	Gayatri Rubbers And Chemicals Limited	LTASM – I
45	GREENPOWER	Orient Green Power Company Limited	LTASM – I
46	GRPLTD	GRP Limited	LTASM – I
47	GVKPIL	GVK Power & Infrastructure Limited	LTASM – IV
48	GVPTECH	GVP Infotech Limited	LTASM – IV
49	HAVISHA	Sri Havisha Hospitality and Infrastructure Limited	LTASM – I
50	HBLPOWER	HBL Power Systems Limited	LTASM – I
51	HERITGFOOD	Heritage Foods Limited	LTASM – I
52	HINDMOTORS	Hindustan Motors Limited	LTASM – I
53	HINDZINC	Hindustan Zinc Limited	LTASM – I
54	HITECHGEAR	The Hi-Tech Gears Limited	LTASM – IV
55	HUBTOWN	Hubtown Limited	LTASM – IV
56	IEL	Indiabulls Enterprises Limited	LTASM – I
57	IMFA	Indian Metals & Ferro Alloys Limited	LTASM – I
58	INDOTECH	Indo Tech Transformers Limited	LTASM – IV
59	INDOTHAI	Indo Thai Securities Limited	LTASM – I
60	INDRAMEDCO	Indraprastha Medical Corporation Limited	LTASM – I
61	IWEL	Inox Wind Energy Limited	LTASM – III
62	JAIBALAJI	Jai Balaji Industries Limited	LTASM – IV
63	JITFINFRA	JITF Infralogistics Limited	LTASM – III
64	JPPOWER	Jaiprakash Power Ventures Limited	LTASM – I
65	JUBLINDS	Jubilant Industries Limited	LTASM – I
66	JWL	Jupiter Wagons Limited	LTASM – I
67	JYOTISTRUC	Jyoti Structures Limited	LTASM – III
68	KALYANKJIL	Kalyan Jewellers India Limited	LTASM – I
69	KIRLOSBROS	Kirloskar Brothers Limited	LTASM – I
70	KIRLOSENG	Kirloskar Oil Engines Limited	LTASM – I
71	KIRLPNU	Kirloskar Pneumatic Company Limited	LTASM – I
72	KODYTECH	Kody Technolab Limited	LTASM – I
73	KORE	Jay Jalaram Technologies Limited	LTASM – II
74	KPIGREEN	KPI Green Energy Limited	LTASM – I
75	KRITIKA	Kritika Wires Limited	LTASM – I
76	LEXUS	Lexus Granito (India) Limited	LTASM – I
77	LGHL	Laxmi Goldorna House Limited	LTASM – I
78	LLOYDS	Lloyds Luxuries Limited	LTASM – I
79	LYPSAGEMS	Lypsa Gems & Jewellery Limited	LTASM – I
80	MACPOWER	Macpower CNC Machines Limited	LTASM – IV
81	MANINDS	Man Industries (India) Limited	LTASM – I
82	MAXIND	Max India Limited	LTASM – I
83	MCL	Madhav Copper Limited	LTASM – I
84	MEGASOFT	Megasoft Limited	LTASM – I
85	MICEL	MIC Electronics Limited	LTASM – I
86	MINDTECK	Mindteck (India) Limited	LTASM – I
87	MOTILALOFS	Motilal Oswal Financial Services Limited	LTASM – I
88	MSPL	MSP Steel & Power Limited	LTASM – I
89	NEWGEN	Newgen Software Technologies Limited	LTASM – I
90	NORBTEAEXP	Norben Tea & Exports Limited	LTASM – I
91	OBCL	Orissa Bengal Carrier Limited	LTASM – I
92	OMINFRAL	OM INFRA LIMITED	LTASM – II
93	ORCHPHARMA	Orchid Pharma Limited	LTASM – I
94	ORIENTALTL	Oriental Trimex Limited	LTASM – I
95	POWERINDIA	Hitachi Energy India Limited	LTASM – I
96	PRAKASH	Prakash Industries Limited	LTASM – I
97	PREMEXPLN	Premier Explosives Limited	LTASM – I
98	PURVA	Puravankara Limited	LTASM – IV
99	PVP	PVP Ventures Limited	LTASM – II
100	QUESTLAB	Quest Laboratories Limited	LTASM – I
101	QUICKHEAL	Quick Heal Technologies Limited	LTASM – I
102	RAMANEWS	Shree Rama Newsprint Limited	LTASM – I
103	REMSONSIND	Remsons Industries Limited	LTASM – I
104	RKDL	Ravi Kumar Distilleries Limited	LTASM – I
105	RTNPOWER	RattanIndia Power Limited	LTASM – IV
106	SAMPANN	Sampann Utpadan India Limited	LTASM – I
107	SARVESHWAR	Sarveshwar Foods Limited	LTASM – II
108	SCHNEIDER	Schneider Electric Infrastructure Limited	LTASM – I
109	SECL	Salasar Exteriors and Contour Limited	LTASM – I
110	SHAH	Shah Metacorp Limited	LTASM – I
111	SHAILY	Shaily Engineering Plastics Limited	LTASM – I
112	SHAKTIPUMP	Shakti Pumps (India) Limited	LTASM – IV
113	SHIVAMILLS	Shiva Mills Limited	LTASM – I
114	SINCLAIR	Sinclairs Hotels Limited	LTASM – I
115	SINDHUTRAD	Sindhu Trade Links Limited	LTASM – I
116	SKYGOLD	Sky Gold Limited	LTASM – IV
117	SOBHA	Sobha Limited	LTASM – I
118	SOFTTECH	Softtech Engineers Limited	LTASM – I
119	SPMLINFRA	SPML Infra Limited	LTASM – I
120	STEL	Stel Holdings Limited	LTASM – I
121	SUNDARMHLD	Sundaram Finance Holdings Limited	LTASM – I
122	SUPERSPIN	Super Spinning Mills Limited	LTASM – I
123	SUULD	Suumaya Industries Limited	LTASM – I
124	SUZLON	Suzlon Energy Limited	LTASM – III
125	SWANENERGY	Swan Energy Limited	LTASM – I
126	SWSOLAR	Sterling and Wilson Renewable Energy Limited	LTASM – I
127	TATAINVEST	Tata Investment Corporation Limited	LTASM – II
128	TECHLABS	Trident Techlabs Limited	LTASM – I
129	TECHNOE	Techno Electric & Engineering Company Limited	LTASM – IV
130	TEXRAIL	Texmaco Rail & Engineering Limited	LTASM – I
131	TORNTPOWER	Torrent Power Limited	LTASM – I
132	TPLPLASTEH	TPL Plastech Limited	LTASM – I
133	TREEHOUSE	Tree House Education & Accessories Limited	LTASM – I
134	TRIL	Transformers And Rectifiers (India) Limited	LTASM – IV
135	TVSHLTD	TVS Holdings Limited	LTASM – I
136	UMANGDAIRY	Umang Dairies Limited	LTASM – I
137	V2RETAIL	V2 Retail Limited	LTASM – IV
138	VARDMNPOLY	Vardhman Polytex Limited	LTASM – I
139	VERTOZ	Vertoz Advertising Limited	LTASM – IV
140	WALCHANNAG	Walchandnagar Industries Limited	LTASM – I
141	WANBURY	Wanbury Limited	LTASM – I
142	WEALTH	Wealth First Portfolio Managers Limited	LTASM – I
143	WEBELSOLAR	Websol Energy System Limited	LTASM – IV
144	WOCKPHARMA	Wockhardt Limited	LTASM – II
145	YUKEN	Yuken India Limited	LTASM – I

Here is the list of stocks along with the scrip code that is placed under Short Term ASM List

Short Term – Additional Surveillance Measure (ST-ASM)

SR. NO	SYMBOL	COMPANY NAME	ASM STAGE
1	ACL	Andhra Cements Limited	STASM – I
2	ADANIPOWER	Adani Power Limited	STASM – I
3	ALPEXSOLAR	Alpex Solar Limited	STASM – I
4	AMEYA	Ameya Precision Engineers Limited	STASM – I
5	APS	Australian Premium Solar (India) Limited	STASM – I
6	ASALCBR	Associated Alcohols & Breweries Ltd.	STASM – I
7	ATMASTCO	Atmastco Limited	STASM – I
8	AVPINFRA	AVP Infracon Limited	STASM – I
9	BAHETI	Baheti Recycling Industries Limited	STASM – I
10	BAJAJHIND	Bajaj Hindusthan Sugar Limited	STASM – I
11	BHAGCHEM	Bhagiradha Chemicals & Industries Limited	STASM – I
12	BIRLAMONEY	Aditya Birla Money Limited	STASM – I
13	BLUEPEBBLE	Blue Pebble Limited	STASM – I
14	CGRAPHICS	Creative Graphics Solutions India Limited	STASM – II
15	CLOUD	Varanium Cloud Limited	STASM – I
16	DBOL	Dhampur Bio Organics Limited	STASM – I
17	DHANUKA	Dhanuka Agritech Limited	STASM – I
18	DIGISPICE	DiGiSPICE Technologies Limited	STASM – I
19	DREDGECORP	Dredging Corporation of India Limited	STASM – I
20	ELECON	Elecon Engineering Company Limited	STASM – I
21	ENSER	Enser Communications Limited	STASM – I
22	FINCABLES	Finolex Cables Limited	STASM – I
23	GTLINFRA	GTL Infrastructure Limited	STASM – I
24	HCC	Hindustan Construction Company Limited	STASM – I
25	HGINFRA	H.G. Infra Engineering Limited	STASM – I
26	HOACFOODS	Hoac Foods India Limited	STASM – I
27	HYBRIDFIN	Hybrid Financial Services Limited	STASM – I
28	ICEMAKE	Ice Make Refrigeration Limited	STASM – I
29	IFBIND	IFB Industries Limited	STASM – I
30	IIFLSEC	IIFL Securities Limited	STASM – I
31	INTENTECH	Intense Technologies Limited	STASM – I
32	JAICORPLTD	Jai Corp Limited	STASM – I
33	JCHAC	Johnson Controls – Hitachi Air Conditioning India Limited	STASM – I
34	JISLDVREQS	Jain Irrigation Systems Limited	STASM – I
35	JISLJALEQS	Jain Irrigation Systems Limited	STASM – I
36	KAYA	Kaya Limited	STASM – I
37	KCP	KCP Limited	STASM – I
38	KNRCON	KNR Constructions Limited	STASM – I
39	KRISHNADEF	Krishna Defence and Allied Industries Limited	STASM – I
40	KRITI	Kriti Industries (India) Limited	STASM – I
41	LEMERITE	Le Merite Exports Limited	STASM – I
42	LIKHITHA	Likhitha Infrastructure Limited	STASM – I
43	MARINE	Marine Electricals (India) Limited	STASM – I
44	MASTER	Master Components Limited	STASM – I
45	MBLINFRA	MBL Infrastructure Limited	STASM – I
46	NAVA	NAVA LIMITED	STASM – I
47	NOVAAGRI	Nova Agritech Limited	STASM – I
48	ONDOOR	On Door Concepts Limited	STASM – I
49	ORIANA	Oriana Power Limited	STASM – I
50	ORIENTLTD	Orient Press Limited	STASM – I
51	OWAIS	Owais Metal And Mineral Processing Limited	STASM – I
52	PASHUPATI	Pashupati Cotspin Limited	STASM – I
53	PENIND	Pennar Industries Limited	STASM – I
54	PRAJIND	Praj Industries Limited	STASM – I
55	PRLIND	Premier Roadlines Limited	STASM – I
56	PTCIL	PTC Industries Limited	STASM – I
57	RAJSREESUG	Rajshree Sugars & Chemicals Limited	STASM – I
58	REFRACTORY	Refractory Shapes Limited	STASM – I
59	RPOWER	Reliance Power Limited	STASM – I
60	RULKA	Rulka Electricals Limited	STASM – I
61	SAHANA	Sahana System Limited	STASM – I
62	SEPC	SEPC Limited	STASM – I
63	SHIVAMAUTO	Shivam Autotech Limited	STASM – I
64	SHREEKARNI	Shree Karni Fabcom Limited	STASM – I
65	SHREEOSFM	Shree OSFM E-Mobility Limited	STASM – I
66	SUPREMEPWR	Supreme Power Equipment Limited	STASM – I
67	TAC	TAC Infosec Limited	STASM – I
68	TGL	Teerth Gopicon Limited	STASM – II
69	USK	Udayshivakumar Infra Limited	STASM – I
70	VERITAAS	Veritaas Advertising Limited	STASM – I
71	VINYAS	Vinyas Innovative Technologies Limited	STASM – I
72	VISHNU	Vishnu Chemicals Limited	STASM – I
73	VIVIANA	Viviana Power Tech Limited	STASM – I
74	VMART	V-Mart Retail Limited	STASM – I

Note above list is as of 18th June 2024. You can find the latest list on the NSE website.

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 restrictions stock price is likely to go down further.
Study fundamentals of the stock. If the fundamentals of stocks are good to stay invested in the stock. If required take the 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 the 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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