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.

Think of it as a watchlist for the stock market. Stocks that make it onto this list are under heightened surveillance for reasons like excessive volatility, sudden price spikes, or other suspicious patterns.

Here’s the kicker: being on the ASM list doesn’t automatically mean the stock is bad or involved in wrongdoing. Instead, it’s like the market saying, Hey, something unusual is happening here, so let’s be cautious.

How does ASM affect Investors and Traders?

After getting a complete understanding of 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 a 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

Why Do Stocks End Up on the ASM List?

Imagine a neighborhood where one house throws a loud party every weekend. Eventually, someone’s going to call in a noise complaint. That’s kind of how the ASM list works. Stocks make the list due to triggers like:

Excessive Volatility: Wild price swings can raise eyebrows.
Unusual Trading Patterns: A sudden surge in volume or price without any obvious news.
Price Manipulation Concerns: If a stock is suspected of pump-and-dump schemes.
Fundamental Issues: Weak financials or other red flags.
High Promoter Holding Pledges: When promoters pledge a significant chunk of their holdings as collateral, it can signal financial distress.

It’s like the market’s way of saying, This stock is making a lot of noise—let’s keep an eye on it.

Should You Be Worried If a Stock You Own Is on the ASM List?

Short answer? Not necessarily. But you need to tread carefully. Here’s why:

It’s Not Always a Red Flag: A stock could end up on the ASM list due to excessive volatility, even if its fundamentals are strong. Think of it as being “guilty until proven innocent.”
Liquidity Might Take a Hit: If you’re a short-term trader, the reduced trading volume could make it harder to exit your position quickly.
Perception Matters: Sometimes, the market perception of an ASM-listed stock becomes negative, causing its price to dip even further. It’s like getting a bad reputation in school; it’s hard to shake off.

What Should You Do If a Stock You Own Is on the ASM List?

Now comes the million-dollar question: What should you do if a stock you’re holding lands on the ASM list? Here’s a step-by-step guide to navigating this situation:

1. Don’t Panic-Sell

The first rule of investing? Don’t let fear take over. Remember, being on the ASM list doesn’t mean the stock is fundamentally bad. Take a deep breath and assess the situation before hitting the sell button.

2. Revisit the Fundamentals

This is the perfect time to evaluate the stock’s fundamentals. Is the company financially sound? Are its earnings consistent? If the business model is robust and the long-term outlook is promising, there’s no need to bail out just yet.

3. Monitor the Situation

Keep a close eye on updates related to the stock. Check for news, announcements, and any changes in the company’s operations or financial health. A stock may get removed from the ASM list if things stabilize.

4. Avoid Fresh Buying

Unless you’re confident about the stock’s fundamentals and willing to ride out potential volatility, it’s wise to avoid buying more shares while it’s on the ASM list.

5. Stay Informed About ASM Rules

Make sure you’re up to speed with the latest ASM framework. SEBI often updates its guidelines, so knowing the current rules can help you strategize better.

Pros and Cons of Investing in ASM-Listed Stocks

Let’s break this down further. ASM-listed stocks have their own set of advantages and disadvantages, depending on how you approach them.

Pros:

Potential Buying Opportunity: If a fundamentally strong stock is on the list due to temporary volatility, it could be a great opportunity to buy at a discounted price.
Reduced Speculation: The restrictions can help stabilize the stock’s price over time, benefiting long-term investors.
Market Discipline: ASM measures promote healthy trading practices, which is good for the market overall.

Cons:

Restricted Trading: Limited intraday trading options can frustrate active traders.
Negative Sentiment: ASM-listed stocks often face a stigma, which can hurt their price in the short term.
Liquidity Crunch: Reduced trading volumes can make it harder to buy or sell shares quickly.

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	3PLAND	3P Land Holdings Limited	LTASM – I (13)
2	63MOONS	63 moons technologies limited	LTASM – I (13)
3	AAATECH	AAA Technologies Limited	LTASM – I (13)
4	AAATECH	Aaa Technologies Limited	LTASM – I (13)
5	AARON	Aaron Industries Limited	LTASM – I (13)
6	AARTECH	Aartech Solonics Limited	LTASM – I (13)
7	ADSL	Allied Digital Services Limited	LTASM – I (13)
8	AFFORDABLE	Affordable Robotic & Automation Limited	LTASM – I (13)
9	AKSHOPTFBR	Aksh Optifibre Limited	LTASM – I (13)
10	ANANTRAJ	Anant Raj Limited	LTASM – I (13)
11	ANUP	The Anup Engineering Limited	LTASM – I (13)
12	ARTNIRMAN	Art Nirman Limited	LTASM – I (13)
13	BALUFORGE	Balu Forge Industries Limited	LTASM – I (13)
14	BBOX	Black Box Limited	LTASM – I (13)
15	BDL	Bharat Dynamics Limited	LTASM – I (13)
16	BIOFILCHEM	Biofil Chemicals & Pharmaceuticals Limited	LTASM – I (13)
17	BSE	BSE Limited	LTASM – I (13)
18	CINELINE	Cineline India Limited	LTASM – I (13)
19	COCHINSHIP	Cochin Shipyard Limited	LTASM – IV (16)
20	COMPUSOFT	Compucom Software Limited	LTASM – I (13)
21	DANGEE	Dangee Dums Limited	LTASM – I (13)
22	DCW	DCW Limited	LTASM – I (13)
23	DELTAMAGNT	Delta Manufacturing Limited	LTASM – I (13)
24	DHUNINV	Dhunseri Investments Limited	LTASM – I (13)
25	DIACABS	Diamond Power Infrastructure Limited	LTASM – IV (16)
26	DIFFNKG	Diffusion Engineers Limited	LTASM – I (13)
27	DJML	DJ Mediaprint & Logistics Limited	LTASM – I (13)
28	DOLPHIN	Dolphin Offshore Enterprises (India) Limited	LTASM – IV (16)
29	DPABHUSHAN	D. P. Abhushan Limited	LTASM – I (13)
30	E2E	E2E Networks Limited	LTASM – IV (16)
31	EDELWEISS	Edelweiss Financial Services Limited	LTASM – I (13)
32	ELECTHERM	Electrotherm (India) Limited	LTASM – IV (16)
33	ENERGYDEV	Energy Development Company Limited	LTASM – I (13)
34	GALLANTT	Gallantt Ispat Limited	LTASM – IV (16)
35	GMRP&UI	GMR Power and Urban Infra Limited	LTASM – I (13)
36	GODFRYPHLP	Godfrey Phillips India Limited	LTASM – I (13)
37	GOKULAGRO	Gokul Agro Resources Limited	LTASM – I (13)
38	GRPLTD	GRP Limited	LTASM – II (14)
39	GRSE	Garden Reach Shipbuilders & Engineers Limited	LTASM – I (13)
40	GUJRAFFIA	Gujarat Raffia Industries Limited	LTASM – I (13)
41	GVT&D	GE Vernova T&D India Limited	LTASM – IV (16)
42	HEADSUP	Heads UP Ventures Limited	LTASM – I (13)
43	HPIL	Hindprakash Industries Limited	LTASM – I (13)
44	HUBTOWN	Hubtown Limited	LTASM – IV (16)
45	HUDCO	Housing & Urban Development Corporation Limited	LTASM – I (13)
46	IFCI	IFCI Limited	LTASM – I (13)
47	IIFLCAPS	IIFL Capital Services Limited	LTASM – I (13)
48	INDOTECH	Indo Tech Transformers Limited	LTASM – IV (16)
49	INDOTHAI	Indo Thai Securities Limited	LTASM – IV (16)
50	IREDA	Indian Renewable Energy Development Agency Limited	LTASM – I (13)
51	IWEL	Inox Wind Energy Limited	LTASM – I (13)
52	JSWHL	JSW Holdings Limited	LTASM – IV (16)
53	JUBLPHARMA	Jubilant Pharmova Limited	LTASM – I (13)
54	KAPSTON	Kapston Services Limited	LTASM – I (13)
55	KITEX	Kitex Garments Limited	LTASM – IV (16)
56	KREBSBIO	Krebs Biochemicals and Industries Limited	LTASM – I (13)
57	LGHL	Laxmi Goldorna House Limited	LTASM – I (13)
58	MANORAMA	Manorama Industries Limited	LTASM – I (13)
59	MCX	Multi Commodity Exchange of India Limited	LTASM – I (13)
60	MICEL	MIC Electronics Limited	LTASM – I (13)
61	MOHITIND	Mohit Industries Limited	LTASM – I (13)
62	MOXSH	Moxsh Overseas Educon Limited	LTASM – I (13)
63	MSPL	MSP Steel & Power Limited	LTASM – IV (16)
64	NAVA	NAVA LIMITED	LTASM – I (13)
65	NBCC	NBCC (India) Limited	LTASM – I (13)
66	NDRAUTO	Ndr Auto Components Limited	LTASM – I (13)
67	NKIND	NK Industries Limited	LTASM – I (13)
68	NURECA	Nureca Limited	LTASM – I (13)
69	OFSS	Oracle Financial Services Software Limited	LTASM – I (13)
70	OIL	Oil India Limited	LTASM – I (13)
71	ORIENTLTD	Orient Press Limited	LTASM – I (13)
72	PGEL	PG Electroplast Limited	LTASM – I (13)
73	PIONEEREMB	Pioneer Embroideries Limited	LTASM – I (13)
74	POCL	Pondy Oxides & Chemicals Limited	LTASM – I (13)
75	POWERINDIA	Hitachi Energy India Limited	LTASM – I (13)
76	PPLPHARMA	Piramal Pharma Limited	LTASM – I (13)
77	PRUDENT	Prudent Corporate Advisory Services Limited	LTASM – I (13)
78	RADHIKAJWE	Radhika Jeweltech Limited	LTASM – IV (16)
79	RAMRAT	Ram Ratna Wires Limited	LTASM – I (13)
80	REFEX	Refex Industries Limited	LTASM – IV (16)
81	RGL	Renaissance Global Limited	LTASM – I (13)
82	RHL	Robust Hotels Limited	LTASM – I (13)
83	RVHL	Ravinder Heights Limited	LTASM – I (13)
84	RVNL	Rail Vikas Nigam Limited	LTASM – I (13)
85	SALSTEEL	S.A.L. Steel Limited	LTASM – I (13)
86	SAMPANN	Sampann Utpadan India Limited	LTASM – I (13)
87	SECMARK	SecMark Consultancy Limited	LTASM – II (14)
88	SERVOTECH	Servotech Power Systems Limited	LTASM – I (13)
89	SHAKTIPUMP	Shakti Pumps (India) Limited	LTASM – IV (16)
90	SHANTI	Shanti Overseas (India) Limited	LTASM – I (13)
91	SHIVATEX	Shiva Texyarn Limited	LTASM – I (13)
92	SIMPLEXINF	Simplex Infrastructures Limited	LTASM – IV (16)
93	SINTERCOM	Sintercom India Limited	LTASM – I (13)
94	SKYGOLD	Sky Gold Limited	LTASM – IV (16)
95	SOUTHWEST	South West Pinnacle Exploration Limited	LTASM – I (13)
96	SPMLINFRA	SPML Infra Limited	LTASM – IV (16)
97	SUMMITSEC	Summit Securities Limited	LTASM – I (13)
98	SUNDRMBRAK	Sundaram Brake Linings Limited	LTASM – I (13)
99	SUPRIYA	Supriya Lifescience Limited	LTASM – I (13)
100	SUVIDHAA	Suvidhaa Infoserve Limited	LTASM – I (13)
101	SYNCOMF	Syncom Formulations (India) Limited	LTASM – I (13)
102	TAINWALCHM	Tainwala Chemical and Plastic (I) Limited	LTASM – I (13)
103	TARIL	Transformers And Rectifiers (India) Limited	LTASM – IV (16)
104	THEINVEST	The Investment Trust Of India Limited	LTASM – I (13)
105	TIL	TIL Limited	LTASM – IV (16)
106	TIPSFILMS	Tips Films Limited	LTASM – II (14)
107	TNTELE	Tamilnadu Telecommunication Limited	LTASM – I (13)
108	TRIDHYA	Tridhya Tech Limited	LTASM – I (13)
109	V2RETAIL	V2 Retail Limited	LTASM – IV (16)
110	VINCOFE	Vintage Coffee And Beverages Limited	LTASM – I (13)
111	VIPCLOTHNG	VIP Clothing Limited	LTASM – I (13)
112	VSCL	Vadivarhe Speciality Chemicals Limited	LTASM – I (13)
113	WEALTH	Wealth First Portfolio Managers Limited	LTASM – IV (16)
114	WEBELSOLAR	Websol Energy System Limited	LTASM – I (13)
115	WINDLAS	Windlas Biotech Limited	LTASM – I (13)
116	WINDMACHIN	Windsor Machines Limited	LTASM – I (13)
117	ZODIAC	Zodiac Energy Limited	LTASM – III (15)

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	A2ZINFRA	A2Z Infra Engineering Limited	STASM – I (11)
2	ADANIENSOL	Adani Energy Solutions Limited	STASM – I (11)
3	ADANIGREEN	Adani Green Energy Limited	STASM – I (11)
4	AGI	AGI Greenpac Limited	STASM – I (11)
5	AVALON	Avalon Technologies Limited	STASM – I (11)
6	BANCOINDIA	Banco Products (I) Limited	STASM – I (11)
7	BORORENEW	BOROSIL RENEWABLES LIMITED	STASM – I (11)
8	CMRSL	Cyber Media Research & Services Limited	STASM – I (11)
9	DANISH	Danish Power Limited	STASM – I (11)
10	DCAL	Dishman Carbogen Amcis Limited	STASM – I (11)
11	DHANI	Dhani Services Limited	STASM – I (11)
12	GOLDIAM	Goldiam International Limited	STASM – I (11)
13	GREAVESCOT	Greaves Cotton Limited	STASM – I (11)
14	GSS	GSS Infotech Limited	STASM – I (11)
15	HBSL	HB Stockholdings Limited	STASM – I (11)
16	HEG	HEG Limited	STASM – I (11)
17	INDOUS	Indo Us Biotech Limited	STASM – I (11)
18	INDSWFTLTD	Ind-Swift Limited	STASM – I (11)
19	ITI	ITI Limited	STASM – I (11)
20	KALANA	Kalana Ispat Limited	STASM – I (11)
21	KERNEX	Kernex Microsystems (India) Limited	STASM – I (11)
22	KIRIINDUS	Kiri Industries Limited	STASM – I (11)
23	KRN	KRN Heat Exchanger and Refrigeration Limited	STASM – I (11)
24	LGHL	Laxmi Goldorna House Limited	STASM – I (11)
25	LINCOLN	Lincoln Pharmaceuticals Limited	STASM – I (11)
26	LLOYDS	Lloyds Luxuries Limited	STASM – I (11)
27	MANBA	Manba Finance Limited	STASM – I (11)
28	MEDICAMEQ	Medicamen Biotech Limited	STASM – I (11)
29	MILTON	Milton Industries Limited	STASM – I (11)
30	NIITLTD	NIIT Limited	STASM – I (11)
31	NIVABUPA	Niva Bupa Health Insurance Company Limited	STASM – I (11)
32	OMINFRAL	OM INFRA LIMITED	STASM – I (11)
33	ORICONENT	Oricon Enterprises Limited	STASM – I (11)
34	PAISALO	Paisalo Digital Limited	STASM – I (11)
35	PAR	Par Drugs And Chemicals Limited	STASM – I (11)
36	PAR	Par Drugs and Chemicals Limited	STASM – I (11)
37	PIXTRANS	Pix Transmissions Limited	STASM – I (11)
38	SAGILITY	Sagility India Limited	STASM – I (11)
39	SAHANA	Sahana System Limited	STASM – I (11)
40	SOFTTECH	Softtech Engineers Limited	STASM – I (11)
41	SONUINFRA	Sonu Infratech Limited	STASM – I (11)
42	SVPGLOB	SVP GLOBAL TEXTILES LIMITED	STASM – I (11)
43	TECHLABS	Trident Techlabs Limited	STASM – II (12)
44	THOMASCOTT	Thomas Scott (India) Limited	STASM – II (12)
45	TI	Tilaknagar Industries Limited	STASM – I (11)
46	TPHQ	Teamo Productions HQ Limited	STASM – I (11)
47	UMANGDAIRY	Umang Dairies Limited	STASM – I (11)
48	XPROINDIA	Xpro India Limited	STASM – I (11)

Note above list is as of 12th Dec 2024. You can find the latest list on the NSE website.

The ASM list is a double-edged sword. On one hand, it’s a safeguard for investors, ensuring transparency and curbing manipulation. On the other, it can be a headache for traders and investors who get caught off guard. The key is to stay informed and make rational decisions based on facts, not emotions.

Remember, the stock market is like a roller coaster—it’s thrilling, but you need to hold on tight and keep your wits about you. Whether a stock’s on the ASM list or not, the golden rule of investing remains the same: focus on fundamentals, diversify your portfolio, and have a long-term perspective.

ASM List – What to do in ASM list Stocks?