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
Murae Organisor
MURAE BSE GSM Stage IV 15 Apr 2025 View History
Enbee Trade
ENBETRD BSE GSM Stage IV 28 Mar 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
S R Industries
SRIND BSE GSM Stage 0 10 Mar 2025 View History
Bijoy Hans
BIJHANS BSE GSM Stage 0 10 Mar 2025 View History
Starlit Power
STARLIT BSE GSM Stage 0 10 Mar 2025 View History
BWL
BWLLTD BSE GSM Stage 0 10 Mar 2025 View History
Ontic Finserve
ONTIC BSE GSM Stage 0 10 Mar 2025 View History
Jaihind Synthetics
JAIHINDS 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
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
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
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
Bharat Bhushan
BHARAT BSE Long Term ASM Stage I 28 May 2025 View History
Shraddha Prime Proj
SHRADDHA BSE Long Term ASM Stage I 28 May 2025 View History
Cochin Shipyard
COCHINSHIP BSE Short Term ASM Stage I 28 May 2025 View History
KPI Green Energy
KPIGREEN BSE Short Term ASM Stage I 28 May 2025 View History
Eureka Forbes
EUREKAFORB BSE Short Term ASM Stage I 28 May 2025 View History
Banco Products
BANCOINDIA BSE Short Term ASM Stage I 28 May 2025 View History
Jai Corp
JAICORPLTD BSE Short Term ASM Stage I 28 May 2025 View History
Precision Wires
PRECWIRE BSE Short Term ASM Stage I 28 May 2025 View History
IOL Chemicals
IOLCP BSE Short Term ASM Stage I 28 May 2025 View History
Premier Explosives
PREMEXPLN BSE Short Term ASM Stage I 28 May 2025 View History
63 Moons Tech
63MOONS BSE Short Term ASM Stage I 28 May 2025 View History
Themis Medicare
THEMISMED BSE Short Term ASM Stage I 28 May 2025 View History
Choksi Asia
CHOKSI BSE Short Term ASM Stage I 28 May 2025 View History
Vipul Organics
VIPULORG BSE Short Term ASM Stage I 28 May 2025 View History
Tamil Nadu Newsprint
TNPL BSE Short Term ASM Stage I 28 May 2025 View History
VMS Industries
VMS BSE Short Term ASM Stage I 28 May 2025 View History
InfoBeans Tech
INFOBEAN BSE Short Term ASM Stage I 28 May 2025 View History
AVG Logistics
AVG BSE Short Term ASM Stage I 28 May 2025 View History
Aplab
APLAB BSE Long Term ASM Stage I 28 May 2025 View History
Starcom Information
STARCOM BSE Long Term ASM Stage I 27 May 2025 View History
Integrated Industries
IIL BSE Short Term ASM Stage I 27 May 2025 View History
IFCI
IFCI BSE Short Term ASM Stage I 27 May 2025 View History
Titagarh Rail Systems
TITAGARH BSE Short Term ASM Stage I 27 May 2025 View History
Kirloskar Oil Engines
KIRLOSENG BSE Short Term ASM Stage I 27 May 2025 View History
Rites
RITES BSE Short Term ASM Stage I 27 May 2025 View History
Walchand Peoplefirst
WALCHPF BSE Short Term ASM Stage I 27 May 2025 View History
H P Cotton Textiles Mills
HPCOTTON BSE Short Term ASM Stage I 27 May 2025 View History
SPEL Semiconductor
SPELS BSE Short Term ASM Stage I 27 May 2025 View History
Onward Technologies
ONWARDTEC BSE Short Term ASM Stage I 27 May 2025 View History
Cubex Tubings
CUBEXTUB BSE Short Term ASM Stage I 27 May 2025 View History
EL Forge
ELFORGE BSE Short Term ASM Stage I 27 May 2025 View History
Anjani Synthetics
ANJANI BSE Short Term ASM Stage I 27 May 2025 View History
Rushil Decor
RUSHIL BSE Short Term ASM Stage I 27 May 2025 View History
Lesha Industries
LESHAIND BSE Short Term ASM Stage I 27 May 2025 View History
Captain Technocast
CTCL BSE Short Term ASM Stage I 27 May 2025 View History
Lorenzini Apparels
LAL BSE Short Term ASM Stage I 27 May 2025 View History
Zodiac Energy
ZODIAC BSE Short Term ASM Stage I 27 May 2025 View History
Zaggle Prepaid Ocean
ZAGGLE BSE Short Term ASM Stage I 27 May 2025 View History
Siyaram Recycling
SIYARAM BSE Short Term ASM Stage I 27 May 2025 View History
Kizi Apparels
KIZI BSE Short Term ASM Stage I 27 May 2025 View History
Atlas Cycles Haryana
ATLASCYCLE BSE Short Term ASM Stage I 27 May 2025 View History
Amit Securities
AMITSEC BSE Short Term ASM Stage I 27 May 2025 View History
Nahar Poly Films
NAHARPOLY BSE Short Term ASM Stage I 27 May 2025 View History
Dynamic Industries
DYNAMIND BSE Short Term ASM Stage I 27 May 2025 View History
Rajratan Global Wire
RAJRATAN BSE Short Term ASM Stage I 26 May 2025 View History
Suraj Industries
SURJIND BSE Short Term ASM Stage I 26 May 2025 View History
Orient Paper
ORIENTPPR BSE Short Term ASM Stage I 26 May 2025 View History
Gemstone Investments
GEMSI BSE Short Term ASM Stage I 26 May 2025 View History
Polycon Intl
POLYCON BSE Short Term ASM Stage I 26 May 2025 View History
Intense Technologies
INTENTECH BSE Short Term ASM Stage I 26 May 2025 View History
Hilton Metal Forging
HILTON BSE Short Term ASM Stage I 26 May 2025 View History
Nelcast
NELCAST BSE Short Term ASM Stage I 26 May 2025 View History
Vascon Engineers
VASCONEQ BSE Short Term ASM Stage I 26 May 2025 View History
Khaitan
KHAITANLTD BSE Short Term ASM Stage I 26 May 2025 View History
Shreevatsaa Finance
SHVFL BSE Long Term ASM Stage I 23 May 2025 View History
Godfrey Phillips
GODFRYPHLP BSE Long Term ASM Stage I 23 May 2025 View History
Global Longlife Hospital
GLHRL BSE Long Term ASM Stage I 23 May 2025 View History
Data Patterns
DATAPATTNS BSE Short Term ASM Stage I 23 May 2025 View History
ITI
ITI BSE Long Term ASM Stage I 23 May 2025 View History
Panyam Cements & Mineral
PANCM BSE Long Term ASM Stage I 23 May 2025 View History
Indokem
INDOKEM BSE Short Term ASM Stage I 23 May 2025 View History
Alfred Herbert
ALFREDHE BSE Short Term ASM Stage I 23 May 2025 View History
Indian Infotech & Software
INDINFO BSE Short Term ASM Stage I 23 May 2025 View History
Rudra Ecovation
RUDRAECO BSE Short Term ASM Stage I 23 May 2025 View History
Alstone Textiles
ALSTONE BSE Short Term ASM Stage I 23 May 2025 View History
Mishra Dhatu Nigam
MIDHANI BSE Short Term ASM Stage I 23 May 2025 View History
Murae Organisor
MURAE BSE Short Term ASM Stage I 23 May 2025 View History
Aarti Surfactants
AARTISURF BSE Short Term ASM Stage I 23 May 2025 View History
Dalmia Industrial
DIDL BSE Short Term ASM Stage I 23 May 2025 View History
Parshva Enterprises
PARSHVA BSE Long Term ASM Stage I 22 May 2025 View History
SecMark Consultancy
SECMARK BSE Long Term ASM Stage I 22 May 2025 View History
Sugal & Damani Share
SUGALDAM BSE Short Term ASM Stage I 22 May 2025 View History
Rajkot Inv Trust
RAJKOTINV BSE Short Term ASM Stage I 22 May 2025 View History
Ushakiran Finance
USHAKIRA BSE Short Term ASM Stage I 22 May 2025 View History
Birla Corporation
BIRLACORPN BSE Short Term ASM Stage I 22 May 2025 View History
High Energy Batteries
HIGHENE BSE Short Term ASM Stage I 22 May 2025 View History
Transpek Industry
TRANSPEK BSE Short Term ASM Stage I 22 May 2025 View History
Mayur Uniquoters
MAYURUNIQ BSE Short Term ASM Stage I 22 May 2025 View History
Aarti Drugs
AARTIDRUGS BSE Short Term ASM Stage I 22 May 2025 View History
Bright Brothers
BRIGHTBR BSE Short Term ASM Stage I 22 May 2025 View History
Raghuvansh Agrofarms
RAFL BSE Short Term ASM Stage I 22 May 2025 View History
Exhicon Events Media
EXHICON BSE Short Term ASM Stage I 22 May 2025 View History
Pavna Industries
PAVNAIND BSE Short Term ASM Stage I 22 May 2025 View History
Shriram Pistons
SHRIPISTON BSE Short Term ASM Stage I 22 May 2025 View History
Zee Learn
ZEELEARN BSE Short Term ASM Stage I 22 May 2025 View History
Himalaya Food
HFIL BSE Short Term ASM Stage I 21 May 2025 View History
NDR Auto Components
NDRAUTO BSE Short Term ASM Stage I 21 May 2025 View History
Rap Corp
RAP BSE Long Term ASM Stage I 20 May 2025 View History
Indian Bright Steel
AZADIND BSE Long Term ASM Stage I 20 May 2025 View History
Centenial Surgical
CSURGSU BSE Long Term ASM Stage I 20 May 2025 View History
Shilp Gravures
SHILGRAVQ BSE Short Term ASM Stage I 20 May 2025 View History
Trejhara Solutions
TREJHARA BSE Short Term ASM Stage I 20 May 2025 View History
Hester Biosciences
HESTERBIO BSE Short Term ASM Stage I 20 May 2025 View History
Caspian Corporate
CASPIAN BSE Short Term ASM Stage I 20 May 2025 View History
Shreeji Translogistics
STL BSE Short Term ASM Stage I 20 May 2025 View History
Spinaroo Commercial
SPINAROO BSE Short Term ASM Stage I 20 May 2025 View History
SV Global Mill
SVGLOBAL BSE Long Term ASM Stage I 20 May 2025 View History
Krystal Integrated
KRYSTAL BSE Short Term ASM Stage I 20 May 2025 View History
KPR Mill
KPRMILL BSE Short Term ASM Stage I 20 May 2025 View History
Ksolves
KSOLVES BSE Short Term ASM Stage I 20 May 2025 View History
Yogi Infra Projects
YOGISUNG BSE Short Term ASM Stage I 20 May 2025 View History
ETT
ETT BSE Short Term ASM Stage I 20 May 2025 View History
BCPL Railway
BCPL BSE Short Term ASM Stage I 20 May 2025 View History
Dugar Housing
DUGARHOU BSE Short Term ASM Stage I 20 May 2025 View History
Ritesh International
RITESHIN BSE Short Term ASM Stage I 19 May 2025 View History
Faze Three
FAZE3Q BSE Short Term ASM Stage I 19 May 2025 View History
NIBE
NIBE BSE Short Term ASM Stage I 19 May 2025 View History
Generic Engineering
GENCON BSE Short Term ASM Stage I 19 May 2025 View History
Kahan Packaging
KAHAN BSE Short Term ASM Stage I 19 May 2025 View History
Expo Gas Containers
EXPOGAS BSE Long Term ASM Stage I 19 May 2025 View History
Netlink Solutions
NETLINK BSE Short Term ASM Stage I 19 May 2025 View History
Captain Technocast
CTCL BSE Short Term ASM Stage II 19 May 2025 View History
Skyline Millars
SKYLMILAR BSE Long Term ASM Stage I 19 May 2025 View History
Kanpur Plastipack
KANPRPLA BSE Short Term ASM Stage I 19 May 2025 View History
Kamadgiri Fashion
KAMADGIRI BSE Short Term ASM Stage I 19 May 2025 View History
Mangalam Organics
MANORG BSE Short Term ASM Stage I 19 May 2025 View History
Vama Industries
VAMA BSE Long Term ASM Stage I 16 May 2025 View History
City Pulse Multiplex
CPML BSE Long Term ASM Stage I 16 May 2025 View History
Indo Euro Indchem
INDOEURO BSE Short Term ASM Stage I 16 May 2025 View History
Oswal Agro Mills
OSWALAGRO BSE Short Term ASM Stage I 16 May 2025 View History
Simplex Infra
SIMPLEXINF BSE Long Term ASM Stage I 16 May 2025 View History
Machhar Industries
MACIND BSE Long Term ASM Stage I 16 May 2025 View History
Atharv Enterprises
ATHARVENT BSE Long Term ASM Stage I 16 May 2025 View History
CCL Products
CCL BSE Short Term ASM Stage I 16 May 2025 View History
CCL International
CCLINTER BSE Short Term ASM Stage I 16 May 2025 View History
Welcure Drugs
WELCURE BSE Long Term ASM Stage I 16 May 2025 View History
Sunita Tools
SUNITATOOL BSE Long Term ASM Stage I 15 May 2025 View History
Archidply Decor
ADL BSE Long Term ASM Stage I 15 May 2025 View History
H.M. Electro Mech Ltd.
HMEML BSE Short Term ASM Stage I 15 May 2025 View History
India Lease Development
INDLEASE BSE Long Term ASM Stage I 15 May 2025 View History
Mega Corporation
MEGACOR BSE Long Term ASM Stage II 15 May 2025 View History
R R Kabel
RRKABEL BSE Short Term ASM Stage I 15 May 2025 View History
Jay Kailash Namkeen
JAYKAILASH BSE Short Term ASM Stage I 15 May 2025 View History
Clara Industries
CLARA BSE Short Term ASM Stage I 15 May 2025 View History
Balaji Telefilms
BALAJITELE BSE Short Term ASM Stage I 14 May 2025 View History
Kalyani Forge
KALYANIFRG BSE Short Term ASM Stage I 14 May 2025 View History
G V Films
GVFILM BSE Short Term ASM Stage I 14 May 2025 View History
Ginni Filaments
GINNIFILA BSE Long Term ASM Stage I 14 May 2025 View History
Parmeshwari Silk
PARMSILK BSE Short Term ASM Stage I 14 May 2025 View History
Sanrhea Technical
SANTETX BSE Short Term ASM Stage I 13 May 2025 View History
Aarey Drugs & Pharma
AAREYDRUGS BSE Short Term ASM Stage I 13 May 2025 View History
NDA Securities
NDASEC BSE Short Term ASM Stage I 13 May 2025 View History
V B Desai Financial
VBDESAI BSE Short Term ASM Stage I 13 May 2025 View History
Rajoo Engineers
RAJOOENG BSE Short Term ASM Stage I 13 May 2025 View History
Terai Tea Company
TERAI BSE Short Term ASM Stage I 13 May 2025 View History
Baazar Style Retail
STYLEBAAZA BSE Short Term ASM Stage I 13 May 2025 View History
Mideast Portfolio
MIDEASTP BSE Long Term ASM Stage I 13 May 2025 View History
Bemco Hydraulics
BEMHY BSE Long Term ASM Stage I 13 May 2025 View History
Supershakti Metaliks
SUPERSHAKT BSE Short Term ASM Stage I 13 May 2025 View History
Omnipotent Industries
OMNIPOTENT BSE Long Term ASM Stage I 13 May 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