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
Matra Realty
MATRAREAL BSE GSM Stage VI 27 May 2025 View History
ACS Technologies
ACSTECH BSE GSM Stage VI 06 May 2025 View History
Mohite Industries
MOHITE BSE GSM Stage IV 02 May 2025 View History
Onesource Ideas
OIVL BSE GSM Stage IV 30 Apr 2025 View History
New Light Apparels
NEWLIGHT BSE GSM Stage IV 25 Apr 2025 View History
Gangotri Textile
GANGOTRI BSE GSM Stage 0 10 Mar 2025 View History
McNally Bharat
MBECL BSE GSM Stage 0 10 Mar 2025 View History
Tayo Rolls
TATAYODOGA BSE GSM Stage 0 10 Mar 2025 View History
Aroma Enterprises
AROMAENT BSE GSM Stage 0 10 Mar 2025 View History
Eco Friendly Food
EFPL BSE GSM Stage 0 10 Mar 2025 View History
Channel Nine
CNEL BSE GSM Stage 0 10 Mar 2025 View History
HPC Biosciences
HPCBL BSE GSM Stage 0 10 Mar 2025 View History
Photoquip
PHOTOQUP BSE GSM Stage 0 10 Mar 2025 View History
Sparc Electrex
SPAR BSE GSM Stage 0 10 Mar 2025 View History
Sheshadri Industries
SHESHAINDS BSE GSM Stage 0 10 Mar 2025 View History
Narmada Macplast Drip
NARMP BSE GSM Stage 0 10 Mar 2025 View History
Jyothi Infraventures
JYOTHI BSE GSM Stage 0 10 Mar 2025 View History
Burnpur Cement
BURNPUR BSE GSM Stage 0 10 Mar 2025 View History
Kusam Electrical
KUSUMEL BSE GSM Stage 0 10 Mar 2025 View History
EPIC Energy
EPIC BSE GSM Stage 0 10 Mar 2025 View History
Taaza International
TAAZAINT BSE GSM Stage 0 10 Mar 2025 View History
Shyama Infosys
SHYAMACOMP BSE GSM Stage 0 10 Mar 2025 View History
Indo Euro Indchem
INDOEURO BSE GSM Stage 0 10 Mar 2025 View History
Reliance Home Finance
RHFL BSE GSM Stage 0 10 Mar 2025 View History
JCT
JCTLTD BSE GSM Stage 0 10 Mar 2025 View History
Apollo Ingredients
INDSOYA BSE GSM Stage 0 10 Mar 2025 View History
Ras Resorts & Apart
RASRESOR BSE GSM Stage 0 10 Mar 2025 View History
Gujarat Credit Corp
GUJCRED BSE GSM Stage 0 10 Mar 2025 View History
Stephanotis Finance
STEPHANOTIS BSE GSM Stage 0 10 Mar 2025 View History
Prism Medico & Pharma
PRISMMEDI BSE GSM Stage 0 10 Mar 2025 View History
Indoworth Holdings
UNIWSEC BSE GSM Stage 0 10 Mar 2025 View History
Seasons Textiles
SEASONST BSE GSM Stage 0 10 Mar 2025 View History
Vivid Global
VIVIDIND BSE GSM Stage 0 10 Mar 2025 View History
Worldwide Aluminium
WWALUM BSE GSM Stage 0 10 Mar 2025 View History
NPR Finance
NPRFIN BSE GSM Stage 0 10 Mar 2025 View History
Tokyo Finance
TOKYOFIN BSE GSM Stage 0 10 Mar 2025 View History
Vision Corporation
VISIONCO BSE GSM Stage 0 10 Mar 2025 View History
Integra Telecom
INTELSOFT BSE GSM Stage 0 10 Mar 2025 View History
Sarvottam Finvest
SARVOTTAM BSE GSM Stage 0 10 Mar 2025 View History
Decorous Investment
DITCO BSE GSM Stage 0 10 Mar 2025 View History
Sabrimala Industries
SIIL BSE GSM Stage 0 10 Mar 2025 View History
Mahesh Developers
MAHESH BSE GSM Stage 0 10 Mar 2025 View History
Sybly Industries
SYBLY BSE GSM Stage 0 10 Mar 2025 View History
Natura Hue Chem
NATHUEC BSE GSM Stage III 10 Mar 2025 View History
York Exports
YORKEXP BSE GSM Stage I 10 Mar 2025 View History
Mideast Portfolio
MIDEASTP BSE GSM Stage III 10 Mar 2025 View History
RRP Defense
EUROASIA BSE GSM Stage IV 10 Mar 2025 View History
Dalal Street Investments
DSINVEST BSE GSM Stage I 10 Mar 2025 View History
India Link Chain Mfg
INLCM BSE GSM Stage III 10 Mar 2025 View History
Shantai Industries
SHANTAI BSE GSM Stage III 10 Mar 2025 View History
Pasupati Spinning
PASUSPG BSE Long Term ASM Stage I 20 Jun 2025 View History
CRP Risk Management
CRPRISK BSE Long Term ASM Stage I 20 Jun 2025 View History
Senco Gold
SENCO BSE Long Term ASM Stage I 20 Jun 2025 View History
One Mobikwik Systems Ltd.
MOBIKWIK BSE Long Term ASM Stage I 20 Jun 2025 View History
Seasons Textiles
SEASONST BSE Long Term ASM Stage I 20 Jun 2025 View History
Samor Reality
SAMOR BSE Long Term ASM Stage I 20 Jun 2025 View History
Madhucon Projects
MADHUCON BSE Long Term ASM Stage I 20 Jun 2025 View History
HLE Glascoat
HLEGLAS BSE Short Term ASM Stage I 20 Jun 2025 View History
Shakti Pumps
SHAKTIPUMP BSE Long Term ASM Stage I 20 Jun 2025 View History
Jyoti
JYOTI BSE Short Term ASM Stage I 20 Jun 2025 View History
Suven Life Sciences
SUVEN BSE Long Term ASM Stage I 20 Jun 2025 View History
Centrum Capital
CENTRUM BSE Short Term ASM Stage I 20 Jun 2025 View History
Modern Insulators
MODINSU BSE Short Term ASM Stage I 20 Jun 2025 View History
Apollo Micro Systems
APOLLO BSE Short Term ASM Stage I 20 Jun 2025 View History
Valiant Organics
VALIANTORG BSE Short Term ASM Stage II 20 Jun 2025 View History
Artemis Electricals
AEPL BSE Short Term ASM Stage I 20 Jun 2025 View History
Unimech Aerospace
UNIMECH BSE Short Term ASM Stage I 20 Jun 2025 View History
Standard Glass Lining
SGLTL BSE Short Term ASM Stage I 20 Jun 2025 View History
Vision Corporation
VISIONCO BSE Long Term ASM Stage I 20 Jun 2025 View History
Afcom Holdings
AFCOM BSE Long Term ASM Stage I 20 Jun 2025 View History
Reliance Power
RPOWER BSE Short Term ASM Stage I 20 Jun 2025 View History
Syncom Formulation
SYNCOMF BSE Short Term ASM Stage I 20 Jun 2025 View History
Zodiac Energy
ZODIAC BSE Short Term ASM Stage I 20 Jun 2025 View History
Bondada Engineering
BONDADA BSE Short Term ASM Stage I 20 Jun 2025 View History
KP Green Engineering
KPGEL BSE Short Term ASM Stage I 20 Jun 2025 View History
Godavari Biorefineries Ltd.
GODAVARIB BSE Short Term ASM Stage I 20 Jun 2025 View History
Ruchi Infrastructure
RUCHINFRA BSE Long Term ASM Stage I 20 Jun 2025 View History
Everlon Financials
EVERFIN BSE Long Term ASM Stage I 20 Jun 2025 View History
Mega Nirman
MNIL BSE Long Term ASM Stage I 20 Jun 2025 View History
TIL
TIL BSE Long Term ASM Stage I 20 Jun 2025 View History
Punjab Comms
PUNJCOMMU BSE Long Term ASM Stage I 20 Jun 2025 View History
Paragon Finance
PARAGONF BSE Long Term ASM Stage I 20 Jun 2025 View History
Oxygenta Pharma
OXYGENTAPH BSE Long Term ASM Stage I 20 Jun 2025 View History
KIC Metaliks
KAJARIR BSE Long Term ASM Stage I 20 Jun 2025 View History
Krebs Biochemicals
KREBSBIO BSE Long Term ASM Stage I 20 Jun 2025 View History
Sellwin Traders
SELLWIN BSE Short Term ASM Stage I 20 Jun 2025 View History
ARC Finance
ARCFIN BSE Short Term ASM Stage I 20 Jun 2025 View History
Golkonda Aluminium
GOLKONDA BSE Long Term ASM Stage I 20 Jun 2025 View History
Camlin Fine Sciences
CAMLINFINE BSE Long Term ASM Stage I 20 Jun 2025 View History
Prudential Sugar
PRUDMOULI BSE Short Term ASM Stage I 20 Jun 2025 View History
Brady & Morris Engg
BRADYM BSE Short Term ASM Stage I 20 Jun 2025 View History
PG Electroplast
PGEL BSE Long Term ASM Stage I 20 Jun 2025 View History
Garware Hi-Tech
GRWRHITECH BSE Short Term ASM Stage I 19 Jun 2025 View History
Visaka Industries
VISAKAIND BSE Short Term ASM Stage I 19 Jun 2025 View History
BLS E-Services
BLSE BSE Short Term ASM Stage I 19 Jun 2025 View History
GE T&D
GVT&D BSE Short Term ASM Stage I 19 Jun 2025 View History
eClerx Services
ECLERX BSE Short Term ASM Stage I 19 Jun 2025 View History
Ausom Enterprise
AUSOMENT BSE Short Term ASM Stage I 19 Jun 2025 View History
ITD Cementation
ITDCEM BSE Short Term ASM Stage I 19 Jun 2025 View History
Racl Geartech
RACLGEAR BSE Short Term ASM Stage I 19 Jun 2025 View History
Nucleus Software Exp
NUCLEUS BSE Short Term ASM Stage I 19 Jun 2025 View History
Linc
LINC BSE Short Term ASM Stage I 19 Jun 2025 View History
Inspirisys Solutions
INSPIRISYS BSE Short Term ASM Stage I 19 Jun 2025 View History
Advait Infratech
ADVAIT BSE Short Term ASM Stage I 19 Jun 2025 View History
India bulls Enterprises
IEL BSE Long Term ASM Stage I 19 Jun 2025 View History
GOCL Corporation
GOCLCORP BSE Short Term ASM Stage I 19 Jun 2025 View History
Orient Bell
ORIENTBELL BSE Short Term ASM Stage I 19 Jun 2025 View History
IITL Projects
IITLPROJ BSE Short Term ASM Stage I 19 Jun 2025 View History
Rattan Power
RTNPOWER BSE Short Term ASM Stage I 19 Jun 2025 View History
Meera Industries
MEERA BSE Short Term ASM Stage I 19 Jun 2025 View History
Cinevista
CINEVISTA BSE Long Term ASM Stage I 19 Jun 2025 View History
Dharan InfraEpc
KBCGLOBAL BSE Long Term ASM Stage I 19 Jun 2025 View History
STL Global
SGL BSE Long Term ASM Stage I 18 Jun 2025 View History
Kernex Microsystems
KERNEX BSE Short Term ASM Stage I 18 Jun 2025 View History
Permanent Magnets
PERMAGN BSE Short Term ASM Stage I 18 Jun 2025 View History
Cosmo First
COSMOFIRST BSE Short Term ASM Stage I 18 Jun 2025 View History
Ambar Protein
AMBARPIL BSE Short Term ASM Stage I 18 Jun 2025 View History
HB Stockholdings
HBSL BSE Short Term ASM Stage I 18 Jun 2025 View History
Puravankara
PURVA BSE Short Term ASM Stage I 18 Jun 2025 View History
Digicontent
DGCONTENT BSE Short Term ASM Stage I 18 Jun 2025 View History
Mayur Leather
MAYUR BSE Long Term ASM Stage I 18 Jun 2025 View History
Galaxy Bearings
GALXBRG BSE Short Term ASM Stage I 17 Jun 2025 View History
Consolidated Construction
CCCL BSE Short Term ASM Stage I 17 Jun 2025 View History
Universal Cables
UNIVCABLES BSE Short Term ASM Stage I 17 Jun 2025 View History
Northern Spirits
NSL BSE Short Term ASM Stage I 17 Jun 2025 View History
Franklin Industries
FRANKLININD BSE Short Term ASM Stage I 17 Jun 2025 View History
Naapbooks
NBL BSE Short Term ASM Stage I 17 Jun 2025 View History
Akar Auto Industries
AAIL BSE Short Term ASM Stage I 17 Jun 2025 View History
Shah Metacorp
SHAH BSE Short Term ASM Stage I 17 Jun 2025 View History
Sanblue Corporation
SANBLUE BSE Long Term ASM Stage I 16 Jun 2025 View History
Bervin Investment
BERVINL BSE Long Term ASM Stage I 16 Jun 2025 View History
Navkar Urbanstructure
NAVKARURB BSE Long Term ASM Stage I 16 Jun 2025 View History
IFGL Refractories
IFGLEXPOR BSE Short Term ASM Stage I 16 Jun 2025 View History
Nahar Industrial
NAHARINDUS BSE Short Term ASM Stage I 16 Jun 2025 View History
Inducto Steel
INDCTST BSE Long Term ASM Stage I 16 Jun 2025 View History
Variman Global
VARIMAN BSE Long Term ASM Stage II 16 Jun 2025 View History
IIFL Securities
IIFLCAPS BSE Short Term ASM Stage I 16 Jun 2025 View History
Cenlub Industries
CENLUB BSE Short Term ASM Stage I 16 Jun 2025 View History
Rudra Global Infra
RUDRA BSE Short Term ASM Stage I 16 Jun 2025 View History
Quick Heal Tech
QUICKHEAL BSE Short Term ASM Stage I 16 Jun 2025 View History
Euphoria Infotech
EUPHORIAIT BSE Short Term ASM Stage I 16 Jun 2025 View History
Indobell Insulations Ltd.
INDOBELL BSE Short Term ASM Stage I 16 Jun 2025 View History
The n Wood Products
IWP BSE Long Term ASM Stage I 16 Jun 2025 View History
SVS Ventures
SVS BSE Long Term ASM Stage I 16 Jun 2025 View History
Atal Realtech
ATALREAL BSE Long Term ASM Stage I 16 Jun 2025 View History
Karma Energy
KARMAENG BSE Long Term ASM Stage I 16 Jun 2025 View History
Zodiac JRD MKJ
ZODJRDMKJ BSE Long Term ASM Stage I 16 Jun 2025 View History
Containe Tech
CONTAINE BSE Long Term ASM Stage I 13 Jun 2025 View History
Dynamic Cables
DYCL BSE Short Term ASM Stage I 13 Jun 2025 View History
Kriti Industries
KRITI BSE Short Term ASM Stage I 13 Jun 2025 View History
PPAP Automotive
PPAP BSE Long Term ASM Stage I 13 Jun 2025 View History
Zen Technologies
ZENTEC BSE Long Term ASM Stage I 13 Jun 2025 View History
Global Offshore
GLOBOFFS BSE Short Term ASM Stage I 13 Jun 2025 View History
Ratnabhumi Developers
RATNABHUMI BSE Long Term ASM Stage II 13 Jun 2025 View History
Jamshri Realty
JAMSHRI BSE Long Term ASM Stage I 13 Jun 2025 View History
Thacker & Company
THACKER BSE Short Term ASM Stage I 13 Jun 2025 View History
Energy Development
ENERGYDEV BSE Long Term ASM Stage I 13 Jun 2025 View History
Zodiac JRD MKJ
ZODJRDMKJ BSE Short Term ASM Stage I 13 Jun 2025 View History
Bhaskar Agrochemicals
BHASKAGR BSE Short Term ASM Stage I 13 Jun 2025 View History
Kovilpatti Lakshmi Roller
KLRFM BSE Long Term ASM Stage I 12 Jun 2025 View History
ideaForge Technology
IDEAFORGE BSE Short Term ASM Stage I 12 Jun 2025 View History
Timex Group
TIMEX BSE Short Term ASM Stage I 12 Jun 2025 View History
Sybly Industries
SYBLY BSE Short Term ASM Stage I 12 Jun 2025 View History
Exxaro Tiles
EXXARO BSE Long Term ASM Stage I 12 Jun 2025 View History
Camlin Fine Sciences
CAMLINFINE BSE Short Term ASM Stage I 12 Jun 2025 View History
GTV Engineering
GTV BSE Short Term ASM Stage I 12 Jun 2025 View History
Suryalata Spinning Mills
SURYALA BSE Short Term ASM Stage I 12 Jun 2025 View History
Vinayak Polycon
VINAYAKPOL BSE Short Term ASM Stage I 12 Jun 2025 View History
Choksi Laboratories
CHOKSILA BSE Long Term ASM Stage I 12 Jun 2025 View History
Gayatri Sugars
GAYATRI BSE Long Term ASM Stage I 12 Jun 2025 View History
Cinevista
CINEVISTA BSE Short Term ASM Stage I 12 Jun 2025 View History
RDB Rasayans
RDBRL BSE Short Term ASM Stage I 12 Jun 2025 View History
Pil Italica Lifestyle
PILITA BSE Long Term ASM Stage I 11 Jun 2025 View History
Oriental Trimex
ORIENTALTL BSE Long Term ASM Stage I 11 Jun 2025 View History
Baroda Rayon
BARODARY BSE Short Term ASM Stage I 11 Jun 2025 View History
Fiberweb
FIBERWEB BSE Short Term ASM Stage I 11 Jun 2025 View History
Tridev Infraestates
ASHUTPM BSE Short Term ASM Stage I 11 Jun 2025 View History
Deepak Chemtex
DEEPAKCHEM BSE Short Term ASM Stage I 11 Jun 2025 View History
KPT Industries
KPT BSE Short Term ASM Stage I 11 Jun 2025 View History
Panyam Cements & Mineral
PANCM BSE Long Term ASM Stage I 11 Jun 2025 View History
Hercules Hoists
HERCULES BSE Short Term ASM Stage I 11 Jun 2025 View History
JLA Infraville
JSHL BSE Long Term ASM Stage I 10 Jun 2025 View History
John Cockerill
COCKERILL BSE Short Term ASM Stage I 10 Jun 2025 View History
Federal-Mogul Goetze
FMGOETZE BSE Short Term ASM Stage I 10 Jun 2025 View History
Cosmo First
COSMOFIRST BSE Short Term ASM Stage II 10 Jun 2025 View History
Jamshri Realty
JAMSHRI BSE Short Term ASM Stage I 10 Jun 2025 View History
Reliable Ventures
RELIABVEN BSE Long Term ASM Stage I 10 Jun 2025 View History
Creative Eye
CREATIVEYE BSE Long Term ASM Stage I 10 Jun 2025 View History
Hybrid Financial
HYBRIDFIN BSE Short Term ASM Stage I 10 Jun 2025 View History
Choksi Laboratories
CHOKSILA BSE Short Term ASM Stage I 10 Jun 2025 View History
GACM Technologies
GATECH BSE Short Term ASM Stage I 10 Jun 2025 View History
Resonance Specialties
RESONANCE BSE Short Term ASM Stage I 09 Jun 2025 View History
Delta Manufacturing
DELTAMAGNT BSE Long Term ASM Stage I 09 Jun 2025 View History
VMS Industries
VMS BSE Short Term ASM Stage I 09 Jun 2025 View History
ITI
ITI BSE Short Term ASM Stage I 09 Jun 2025 View History
Hindustan Motors
HINDMOTORS BSE Short Term ASM Stage I 09 Jun 2025 View History
Som Datt Finance
SODFC BSE Short Term ASM Stage I 09 Jun 2025 View History
Standard Surfactants
STDSFAC BSE Short Term ASM Stage I 09 Jun 2025 View History
DEE Development
DEEDEV BSE Short Term ASM Stage I 09 Jun 2025 View History
Koura Fine Jewelry
KOURA BSE Long Term ASM Stage I 09 Jun 2025 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