Stock exchange NSE has shortlisted several stocks under its Additional Monitoring Measures (ASM) framework on a short-term basis with effect from February 3. This would mean that even intraday trading would require 100% upfront margin and would curb a lot of speculation and short selling.
Three of the firms shortlisted under the ASM framework were from the Adani group. they were Adani EnterprisesAdani Ports and Special Economic Zone, and Ambuja Cements.
Other stocks on the list were:
– Phosphate Company
-Kandagiri Spinning Mills
Nidhi Granites
– Super Bakers India
– Heranba Industries
– Monarch Networth Capital
– PC Jewelers
These shares Shortlisted for short term under ASM framework which is 5 days / 15 days / 30 days.
The shortlisting of securities for placement in the ASM is based on an objective criteria decided jointly by SEBI and the exchanges. These include parameters such as high-low variance, client concentration, close-to-close price variance, market capitalization, volume variance, distribution percentage, number of unique PANs, and value of equity.
The objective of the ASM Framework is to advise investors to exercise extra caution while trading in these securities. Further, as per NSE FAQ, it advises market participants to exercise necessary due diligence while dealing in these securities.
ASM stands for Monitoring Concerns on Securities based on Price or Volume Variation, Volatility etc.
Know your inner investor
Do you have guts of steel or are you a victim of insomnia regarding your investments? Let’s define your investment approach.
catch all business News, market news, breaking news events and breaking news Update on Live Mint. download mint news app To get daily market updates.