Stocks removed from Long/Short Term Additional Surveillance Measure (ASM) and Graded Surveillance Measure (GSM) framework on BSE exchange

See the list of all stocks removed from the BSE exchange i.e, Long/Short Term Additional Surveillance Measure (ASM) and Graded Surveillance Measure (GSM) framework. Table also shows exit date on which the stock was removed from the monitoring. Click on the history icon to see the movement between different terms and stages.
Check the FAQ section to know more about the Additional Surveillance Measure (ASM) and Graded Surveillance Measure (GSM) framework.

Stock Name Stock Code Exchange LONG/SHORT TERM STAGE Exit Date History
Birla Cotsyn
BIRLACOT BSE GSM Stage VI 14 Jul 2026 View History
GTL
GTL BSE GSM Stage 0 22 Jun 2026 View History
Diamant Infra
DIAMANT BSE GSM Stage 0 22 Jun 2026 View History
Sterling Powergensys
STERPOW BSE GSM Stage 0 22 Jun 2026 View History
Ramasigns Industries
RAMASIGNS BSE GSM Stage 0 22 Jun 2026 View History
Gujarat Terce
GUJTERC BSE GSM Stage 0 22 Jun 2026 View History
Flora Textiles
ANIRIT BSE GSM Stage 0 22 Jun 2026 View History
Integrated Thermoplastic
INTETHR BSE GSM Stage 0 22 Jun 2026 View History
Bhagawati Oxygen
BHAGWOX BSE GSM Stage 0 22 Jun 2026 View History
Setubandhan Infra
SETUINFRA BSE GSM Stage 0 22 Jun 2026 View History
Filtron Engineers
FILTRON BSE GSM Stage 0 22 Jun 2026 View History
V R Films & Studios
VRFILMS BSE GSM Stage 0 22 Jun 2026 View History
Swadeshi Industries
SWADEIN BSE GSM Stage 0 22 Jun 2026 View History
GDL Leasing
GDLLEAS BSE GSM Stage 0 22 Jun 2026 View History
Beryl Securities
BERYLSE BSE GSM Stage 0 22 Jun 2026 View History
Decillion Finance
DFL BSE GSM Stage 0 22 Jun 2026 View History
Kiduja
KIDUJA BSE GSM Stage 0 22 Jun 2026 View History
Sadbhav Engineering
SADBHAV BSE GSM Stage 0 22 Jun 2026 View History
Sadbhav Infra
SADBHIN BSE GSM Stage 0 22 Jun 2026 View History
NDA Securities
NDASEC BSE GSM Stage 0 22 Jun 2026 View History
Golkonda Aluminium
GOLKONDA BSE GSM Stage 0 22 Jun 2026 View History
Indo Euro Indchem
INDOEURO BSE GSM Stage 0 22 Jun 2026 View History
Citi Port Financial
CITIPOR BSE GSM Stage 0 22 Jun 2026 View History
Lyons Corporate
LYONSCO BSE GSM Stage 0 22 Jun 2026 View History
SVA
SVAINDIA BSE GSM Stage 0 22 Jun 2026 View History
Aanchal Ispat
AANCHALISP BSE GSM Stage 0 22 Jun 2026 View History
Ace Men Engg Works
ACEMEN BSE GSM Stage 0 22 Jun 2026 View History
Gconnect Logitech
GCONNECT BSE GSM Stage 0 22 Jun 2026 View History
Mardia Samyoung Capillary
MSCTC BSE GSM Stage 0 22 Jun 2026 View History
Jindal Capital
JINDCAP BSE GSM Stage 0 22 Jun 2026 View History
Omni Ax's Software
OMNIAX BSE GSM Stage 0 22 Jun 2026 View History
Tiaan Consumer
TIAANC BSE GSM Stage 0 22 Jun 2026 View History
Jindal Leasefin
JLL BSE GSM Stage IV 22 Jun 2026 View History
SJ Corporation
SJCORP BSE GSM Stage IV 22 Jun 2026 View History
Hem Holdings
ZHEMHOLD BSE GSM Stage II 22 Jun 2026 View History
Maitri Enterprises
MAITRI BSE GSM Stage II 22 Jun 2026 View History
TPI
TPINDIA BSE GSM Stage I 22 Jun 2026 View History
Shri Niwas Leasing
SHRINIWAS BSE GSM Stage IV 22 Jun 2026 View History
Mahaveer Infoway
MAHAVEER BSE GSM Stage III 22 Jun 2026 View History
Ganesh Holding
GANHOLD BSE GSM Stage III 22 Jun 2026 View History
Nagarjuna Agri Tech
NAGTECH BSE GSM Stage III 22 Jun 2026 View History
Grameva
GRAMEVA BSE GSM Stage II 22 Jun 2026 View History
Audroc
AUDROC BSE GSM Stage IV 22 Jun 2026 View History
Sarvottam Finvest
SARVOTTAM BSE GSM Stage I 22 Jun 2026 View History
SW Investments
SW1 BSE GSM Stage III 22 Jun 2026 View History
ABC Gas Intl
ONIXSOLAR BSE GSM Stage II 22 Jun 2026 View History
CCME Global
CCME BSE GSM Stage I 22 Jun 2026 View History
Bridge Securities
BRIDGESE BSE GSM Stage I 22 Jun 2026 View History
Dhanvantri Jeevan
ZDHJERK BSE GSM Stage 0 22 Jun 2026 View History
Nihar Info Global
NIHARINF BSE GSM Stage I 22 Jun 2026 View History
Chowgule Steamships
CHOWGULSTM BSE Long Term ASM Stage I 31 Jul 2026 View History
Delta Manufacturing
DELTAMAGNT BSE Long Term ASM Stage I 31 Jul 2026 View History
Wires and Fabriks
WIREFABR BSE Long Term ASM Stage I 31 Jul 2026 View History
Fynx Capital
FYNX BSE Long Term ASM Stage I 31 Jul 2026 View History
Aimco Pesticides
AIMCOPEST BSE Long Term ASM Stage I 31 Jul 2026 View History
Nicco Parks & Resorts
NICCOPAR BSE Long Term ASM Stage I 31 Jul 2026 View History
Diamines & Chemicals
DIAMINESQ BSE Long Term ASM Stage I 31 Jul 2026 View History
Banas Finance
BANASFN BSE Long Term ASM Stage I 31 Jul 2026 View History
M M Rubber Company
MMRUBBR-B BSE Long Term ASM Stage I 31 Jul 2026 View History
Shristi Infra
SHRISTI BSE Long Term ASM Stage I 31 Jul 2026 View History
Acrow
ACROW BSE Long Term ASM Stage I 31 Jul 2026 View History
Bloom Industries
BLOIN BSE Long Term ASM Stage I 31 Jul 2026 View History
Uniroyal Industries
UNIROYAL BSE Long Term ASM Stage I 31 Jul 2026 View History
Ashram Online.com
ASHRAM BSE Long Term ASM Stage I 31 Jul 2026 View History
Market Creators
MKTCREAT BSE Long Term ASM Stage I 31 Jul 2026 View History
Yaan Enterprises
YAANENT BSE Long Term ASM Stage I 31 Jul 2026 View History
Aayush Wellness
AAYUSH BSE Long Term ASM Stage I 31 Jul 2026 View History
CFF Fluid Control
CFF BSE Long Term ASM Stage I 31 Jul 2026 View History
BPL
BPL BSE Long Term ASM Stage I 31 Jul 2026 View History
Kiduja
KIDUJA BSE Long Term ASM Stage I 31 Jul 2026 View History
Sahara Housingfina
SAHARAHOUS BSE Long Term ASM Stage I 31 Jul 2026 View History
Aro Granite
AROGRANITE BSE Long Term ASM Stage I 31 Jul 2026 View History
Trigyn Technologies
TRIGYN BSE Long Term ASM Stage I 31 Jul 2026 View History
Indsil Hydro Power
INDSILHYD BSE Long Term ASM Stage I 31 Jul 2026 View History
Veejay Lakshmi
VJLAXMIE BSE Long Term ASM Stage I 31 Jul 2026 View History
AeonX Digital
AEONXDIGI BSE Long Term ASM Stage I 31 Jul 2026 View History
Ishan Dyes
ISHANCH BSE Long Term ASM Stage I 31 Jul 2026 View History
Bharat Agri Fert & Realty
BHARATAGRI BSE Long Term ASM Stage I 31 Jul 2026 View History
Gayatri Sugars
GAYATRI BSE Long Term ASM Stage I 31 Jul 2026 View History
AMD Industries
AMDIND BSE Long Term ASM Stage I 31 Jul 2026 View History
Virtual Global Edu
VIRTUALG BSE Long Term ASM Stage I 31 Jul 2026 View History
Universal Autofoundry
UNIAUTO BSE Long Term ASM Stage I 31 Jul 2026 View History
TruCap Finance
TRU BSE Long Term ASM Stage I 31 Jul 2026 View History
Gautam Gems
GGL BSE Long Term ASM Stage I 31 Jul 2026 View History
Madhav Marbles & Granites
MADHAV BSE Long Term ASM Stage I 31 Jul 2026 View History
Rasandik Engineering
RASANDIK BSE Long Term ASM Stage I 31 Jul 2026 View History
Cosco
COSCO BSE Long Term ASM Stage I 31 Jul 2026 View History
Archidply Decor
ADL BSE Long Term ASM Stage I 31 Jul 2026 View History
Mkventures Capital
MKVENTURES BSE Long Term ASM Stage I 31 Jul 2026 View History
Atlanta Electricals
ATLANTAELE BSE Long Term ASM Stage I 31 Jul 2026 View History
Alpine Housing
ALPINEHOU BSE Short Term ASM Stage I 31 Jul 2026 View History
Jojo
JOJO BSE Short Term ASM Stage I 31 Jul 2026 View History
Dhanashree Electronics
DEL BSE Short Term ASM Stage I 31 Jul 2026 View History
Cyient DLM
CYIENTDLM BSE Short Term ASM Stage I 31 Jul 2026 View History
Ramgopal Polytex
RAMGOPOLY BSE Long Term ASM Stage I 31 Jul 2026 View History
Tarsons Products
TARSONS BSE Short Term ASM Stage I 30 Jul 2026 View History
Mrs. Bectors Food
BECTORFOOD BSE Short Term ASM Stage I 30 Jul 2026 View History
HIM Teknoforge
HIMTEK BSE Short Term ASM Stage I 30 Jul 2026 View History
Ashima
ASHIMASYN BSE Short Term ASM Stage I 30 Jul 2026 View History
Praveg
PRAVEG BSE Short Term ASM Stage I 30 Jul 2026 View History
UHM Vacation
UHMVL BSE Short Term ASM Stage I 29 Jul 2026 View History
Aarnav Fashions
AARNAV BSE Short Term ASM Stage I 29 Jul 2026 View History
Landmark Cars
LANDMARK BSE Short Term ASM Stage I 29 Jul 2026 View History
Asahi Songwon Colors
ASAHISONG BSE Short Term ASM Stage I 29 Jul 2026 View History
Spenta International
SPENTA BSE Long Term ASM Stage I 28 Jul 2026 View History
Aerpace Industries
AERPACE BSE Long Term ASM Stage I 28 Jul 2026 View History
Nurture Well Industries
NWIL BSE Short Term ASM Stage I 28 Jul 2026 View History
Sheshadri Industries
SHESHAINDS BSE Short Term ASM Stage I 28 Jul 2026 View History
Sampre Nutritions
SAMPRE BSE Short Term ASM Stage I 28 Jul 2026 View History
Umiya Tubes
UMIYA BSE Short Term ASM Stage I 28 Jul 2026 View History
AJC Jewel Manufacturers
AJCJEWEL BSE Short Term ASM Stage I 28 Jul 2026 View History
Praruh Technologies
PRARUH BSE Short Term ASM Stage I 28 Jul 2026 View History
Crazy Snacks
CRAZY BSE Short Term ASM Stage I 28 Jul 2026 View History
Orient Press
ORIENTLTD BSE Long Term ASM Stage I 28 Jul 2026 View History
Mena Mani Industries
MENAMANI BSE Long Term ASM Stage I 27 Jul 2026 View History
Belding
BELDING BSE Short Term ASM Stage I 27 Jul 2026 View History
Daulat Securities
DAULAT BSE Long Term ASM Stage I 24 Jul 2026 View History
Ekansh Concepts
EKANSH BSE Long Term ASM Stage I 24 Jul 2026 View History
Earthstahl & Alloys
EARTH BSE Long Term ASM Stage I 24 Jul 2026 View History
Industrial Investment
IITL BSE Long Term ASM Stage I 24 Jul 2026 View History
Mantra Capital
MANTRA BSE Long Term ASM Stage I 24 Jul 2026 View History
Esaar
ESARIND BSE Long Term ASM Stage I 24 Jul 2026 View History
Gallantt Ispat
GALLANTT BSE Long Term ASM Stage I 24 Jul 2026 View History
Surana Solar
SURANASOL BSE Long Term ASM Stage I 24 Jul 2026 View History
Mystic Electronics
MYSTICELE BSE Long Term ASM Stage I 24 Jul 2026 View History
Adishakti Loha & Ispat
ADISHAKTI BSE Long Term ASM Stage I 24 Jul 2026 View History
Yash Highvoltage
YASHHV BSE Long Term ASM Stage I 24 Jul 2026 View History
Marble City
MARBLE BSE Short Term ASM Stage I 24 Jul 2026 View History
Shalimar Productions
SHALPRO BSE Short Term ASM Stage I 24 Jul 2026 View History
KS Smart Technologies
KSSMART BSE Long Term ASM Stage I 24 Jul 2026 View History
Mapro Industries
MAPROIN BSE Short Term ASM Stage I 24 Jul 2026 View History
SC Agrotech
SCAGRO BSE Long Term ASM Stage I 24 Jul 2026 View History
Hittco Tools
HITTCO BSE Long Term ASM Stage I 24 Jul 2026 View History
GSB Finance
GSBFIN BSE Long Term ASM Stage II 24 Jul 2026 View History
Ashnisha Industries
ASHNI BSE Long Term ASM Stage II 24 Jul 2026 View History
SI Capital
SICAPIT BSE Short Term ASM Stage I 24 Jul 2026 View History
Ceenik Exports
CEENIK BSE Long Term ASM Stage II 24 Jul 2026 View History
Trishakti Industries
TRISHAKT BSE Long Term ASM Stage II 24 Jul 2026 View History
Storage Technologies
STAL BSE Long Term ASM Stage II 24 Jul 2026 View History
Indobell Insulations
INDOBELL BSE Long Term ASM Stage I 24 Jul 2026 View History
Fermenta Biotech
FERMENTA BSE Short Term ASM Stage I 24 Jul 2026 View History
Wanbury
WANBURY BSE Short Term ASM Stage I 24 Jul 2026 View History
Shree Hari Chemicals
SHHARICH BSE Short Term ASM Stage I 24 Jul 2026 View History
BMB Music
BMBMUMG BSE Short Term ASM Stage I 24 Jul 2026 View History
Hardwyn
HARDWYN BSE Short Term ASM Stage I 24 Jul 2026 View History
Sattrix Information
SATTRIX BSE Short Term ASM Stage I 24 Jul 2026 View History
Vraj Iron & Steel
VRAJ BSE Short Term ASM Stage I 24 Jul 2026 View History
NCL Research
NCLRESE BSE Long Term ASM Stage I 24 Jul 2026 View History
Rander Corporation
RANDER BSE Short Term ASM Stage I 24 Jul 2026 View History
Valencia Nutrition
VALENCIA BSE Long Term ASM Stage I 24 Jul 2026 View History
Rajshree Sugars & Chem
RAJSREESUG BSE Long Term ASM Stage I 24 Jul 2026 View History
Flomic Global Logistics
FLOMIC BSE Long Term ASM Stage I 24 Jul 2026 View History
Indian Infotech & Software
INDINFO BSE Long Term ASM Stage I 24 Jul 2026 View History
Ajcon Global
AJCON BSE Long Term ASM Stage I 24 Jul 2026 View History
Pakka
PAKKA BSE Long Term ASM Stage I 24 Jul 2026 View History
Sri Lakshmi Saraswathi Textiles
SLSTLQ BSE Long Term ASM Stage I 24 Jul 2026 View History
Thrive Future Habitats
THRIVE BSE Long Term ASM Stage I 24 Jul 2026 View History
Gujarat Alkalies
GUJALKALI BSE Long Term ASM Stage I 24 Jul 2026 View History
RTS Power
RTSPOWR BSE Long Term ASM Stage I 24 Jul 2026 View History
Global Vectra
GLOBALVECT BSE Long Term ASM Stage I 24 Jul 2026 View History
Athena Constructions
ATHCON BSE Long Term ASM Stage I 24 Jul 2026 View History
Key Corp
KEYCORP BSE Long Term ASM Stage I 24 Jul 2026 View History
Caprihans
CAPRIHANS BSE Long Term ASM Stage I 24 Jul 2026 View History
Alphageo
ALPHAGEO BSE Long Term ASM Stage I 24 Jul 2026 View History
Visagar Financial
VISAGAR BSE Long Term ASM Stage I 24 Jul 2026 View History
Mangalam Industrial
MANGIND BSE Long Term ASM Stage I 24 Jul 2026 View History
Jeevan Scientific
JSTL BSE Long Term ASM Stage I 24 Jul 2026 View History
IGC Industries
IGCIL BSE Long Term ASM Stage I 24 Jul 2026 View History
Salem Erode Inv
SALEM BSE Long Term ASM Stage I 24 Jul 2026 View History
Shubham Polyspin
SHUBHAM BSE Long Term ASM Stage I 24 Jul 2026 View History
Aeroflex Neu
AERONEU BSE Long Term ASM Stage I 24 Jul 2026 View History
Sterling Guaranty
TRUSTWAVE BSE Long Term ASM Stage I 24 Jul 2026 View History
Inter Globe Finance
INTRGLB BSE Long Term ASM Stage I 24 Jul 2026 View History
Kkalpana lndustries
KKALPANAIND BSE Long Term ASM Stage I 24 Jul 2026 View History
Arihants Securities
ARISE BSE Long Term ASM Stage I 24 Jul 2026 View History
Gemstone Investments
GEMSI BSE Long Term ASM Stage I 24 Jul 2026 View History
Popular Estate
POPULARES BSE Long Term ASM Stage I 24 Jul 2026 View History
Groarc Industries
GROARC BSE Long Term ASM Stage I 24 Jul 2026 View History
Aureate Tradde
AUREATE BSE Short Term ASM Stage I 23 Jul 2026 View History
GNG Electronics
EBGNG BSE Short Term ASM Stage I 23 Jul 2026 View History
Enbee Trade
ENBETRD BSE Short Term ASM Stage I 23 Jul 2026 View History
MKP Mobility
MKPMOB BSE Short Term ASM Stage I 23 Jul 2026 View History
JITF Infralogistics
JITFINFRA BSE Short Term ASM Stage I 23 Jul 2026 View History
Fino Payments Bank
FINOPB BSE Short Term ASM Stage I 23 Jul 2026 View History
Gconnect Logitech
GCONNECT BSE Short Term ASM Stage I 23 Jul 2026 View History
Gabion Technologies
GTIL BSE Short Term ASM Stage I 23 Jul 2026 View History
C.E. Info Systems
MAPMYINDIA BSE Short Term ASM Stage I 22 Jul 2026 View History
Cropster Agro
CROPSTER BSE Short Term ASM Stage I 22 Jul 2026 View History
La Tim Metal & Ind
LATIMMETAL BSE Short Term ASM Stage I 21 Jul 2026 View History
Unjha Formulations
UNJHAFOR BSE Short Term ASM Stage I 21 Jul 2026 View History
Shalimar Wires
SHALIWIR BSE Short Term ASM Stage I 21 Jul 2026 View History
Shanmuga Hospital
SHANMUGA BSE Short Term ASM Stage I 21 Jul 2026 View History
Shankara Buildpro
BUILDPRO BSE Short Term ASM Stage I 21 Jul 2026 View History
Comrade Appliances
COMRADE BSE Long Term ASM Stage II 21 Jul 2026 View History
Super Bakers
SUPERBAK BSE Short Term ASM Stage I 20 Jul 2026 View History
JMD Ventures
JMDVL BSE Long Term ASM Stage I 20 Jul 2026 View History
Unichem Laboratories
UNICHEMLAB BSE Short Term ASM Stage I 20 Jul 2026 View History
Esha Media Research
ESHAMEDIA BSE Long Term ASM Stage I 20 Jul 2026 View History
B&A
BNALTD BSE Long Term ASM Stage I 20 Jul 2026 View History
Swastika Investmart
SWASTIKA BSE Short Term ASM Stage I 20 Jul 2026 View History

    FAQ

  • What is Graded Surveillance Measure (GSM)?

    Graded Surveillance Measure (GSM) is one of many surveillance measures implemented, by SEBI and Exchanges, on securities with price not commensurate with financial health and fundamentals like Earnings, Book value, Fixed assets, Net-worth, P/E multiple, Market Capitalisation etc.

  • What are the main objectives of Graded Surveillance Measure (GSM)?

    • Alert and advice investors to be extra cautious while dealing in these securities.
    • Advise market participants to carry out necessary due diligence while dealing in these securities.

  • Where can more details on Graded Surveillance Measure (GSM) be found?

  • Should shortlisting under Graded Surveillance Measure (GSM) be construed as an adverse action against the concerned company/entity?

    The shortlisting of securities under Graded Surveillance Measure (GSM) is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/entity.

  • What are the criteria for shortlisting scrips under Graded Surveillance Measure (GSM) framework?

    The detailed criteria for shortlisting & review of securities under GSM Framework is given below:

    Criteria I:
    The following criteria shall be made applicable for inclusion of securities under GSM Framework.

    1. Securities with latest available Net worth (Share Capital + Reserves & Surplus – debit balance in P&L) less than or equal to Rs. 10 crores;
    2. AND

    3. Securities with latest available Net Fixed Assets (Tangible Assets + Capital Work in Progress) less than or equal to Rs. 25 crores;
    4. AND

    5. Securities with PE greater than 2 times PE of Benchmark Index (Nifty 500) OR negative PE.

    The following securities shall be excluded from the process of shortlisting of securities under GSM:
    1. Securities where the price discovery is yet to take place as per the provision of SEBI circulars CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012 dated January 20, 2012.
    2. Securities already under suspension;
    3. Securities on which derivative products are available;
    4. Securities as a part of any index (NSE or BSE);
    5. Public Sector Enterprises and its subsidiaries, if available;
    6. Securities listed during last 1 year through Initial Public Offering (IPO);
    7. Securities which have paid a dividend for each of the last three preceding years;
    8. Securities with Institutional holding greater than 10% only if the following conditions are met:
      • If the promoter entity has not offloaded any share in the last 5 years;

      AND

      • The current trading price of the security is within the range of High & Low price in last 3 years of the respective security.
    9. Securities listed through Scheme of Arrangement involving Merger / Demerger during last 1 year:
      1. In case of demerger, the following condition shall be applicable:
        • If the parent company is under purview of GSM, the resultant demerged companies shall also attract GSM.
        • If the parent company is not under purview of GSM, the resultant demerged companies shall not be part of GSM at the time of demerger and shall be considered during the subsequent quarterly review.
      2. In case of merger of companies, if any of the securities at time of merger are under the purview of GSM, then the same shall be continued on the resultant entity.

    Criteria II:
    The following criteria shall be made applicable for inclusion of securities.
    1. Securities with full market capitalization less than Rs. 25 crore;
    2. AND

    3. Securities with PE greater than 2 times PE of Benchmark Index (Nifty 500);
    4. OR

    5. Securities with negative PE, the following should be considered:
      • P/B (Price to Book) value of scrip greater than 2 times the P/B value of Benchmark Index (Nifty 500)

      OR

      • P/B value is negative

  • What is Additional Surveillance Measure (ASM)?

    Additional Surveillance Measure (ASM) is part of SEBI and the Exchanges initiative to enhance market integrity and safeguard the interest of investors. The ASM list is a list of securities that are currently getting monitored due to factors like price fluctuation, volatility, volume variance, etc.

  • What are the main objectives of and Additional Surveillance Measure (ASM)?

    • Alert and advice investors to be extra cautious while dealing in these securities.
    • Advise market participants to carry out necessary due diligence while dealing in these securities.

  • Where can more details on Additional Surveillance Measure (ASM) be found?

  • Should shortlisting under Additional Surveillance Measure (ASM) be construed as an adverse action against the concerned company/entity?

    The shortlisting of securities under Additional Surveillance Measure (ASM) is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/entity.

  • What are the criteria for shortlisting scrips under Additional Surveillance Measure (ASM) framework?

    The shortlisting of securities for placing in Additional Surveillance Measure (ASM) framework is based on an objective criteria as jointly decided by SEBI and Exchanges covering the following market based dynamic parameters:

    • High Low Variation
    • Client Concentration
    • Close to Close Price Variation
    • Volume Variation
    • Delivery Percentage
    • No. of Unique PANs
    • PE