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 Exchange LONG/SHORT TERM STAGE Exit Date History
Raama Paper Mills Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Anubhav Infrastructu..
BSE GSM Stage 0 11 Sep 2023 View History
Fruition Venture Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Mehai Technology Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Chemo Pharma Laborat..
BSE GSM Stage 0 11 Sep 2023 View History
Computer Point Ltd.
10-year high
BSE GSM Stage 0 11 Sep 2023 View History
Gujarat Credit Corpo..
BSE GSM Stage 0 11 Sep 2023 View History
Avance Technologies ..
Board Meeting
BSE GSM Stage 0 11 Sep 2023 View History
Atlas Jewellery Indi..
BSE GSM Stage 0 11 Sep 2023 View History
Vintron Informatics ..
BSE GSM Stage 0 11 Sep 2023 View History
Jatalia Global Ventu..
5-year low
BSE GSM Stage 0 11 Sep 2023 View History
JJ Finance Corporati..
BSE GSM Stage 0 11 Sep 2023 View History
Indo Euro Indchem Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Polo Hotels Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Saboo Brothers Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Quantum Digital Visi..
BSE GSM Stage 0 11 Sep 2023 View History
Associated Ceramics ..
BSE GSM Stage 0 11 Sep 2023 View History
Aroma Enterprises (I..
BSE GSM Stage 0 11 Sep 2023 View History
Bisil Plast Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Spectrum Foods Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Virgo Global Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Parle Industries Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
VKJ Infradevelopers ..
BSE GSM Stage 0 11 Sep 2023 View History
Goenka Business & Fi..
BSE GSM Stage 0 11 Sep 2023 View History
Panafic Industrials ..
BSE GSM Stage 0 11 Sep 2023 View History
My Money Securities ..
BSE GSM Stage 0 11 Sep 2023 View History
Sellwin Traders Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Symbiox Investment &..
BSE GSM Stage 0 11 Sep 2023 View History
Richfield Financial ..
52 week high
BSE GSM Stage 0 11 Sep 2023 View History
Vantage Knowledge Ac..
BSE GSM Stage 0 11 Sep 2023 View History
Genera Agri Corp Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Cybele Industries Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Chowgule Steamships ..
BSE GSM Stage 0 11 Sep 2023 View History
Ind-Agiv Commerce Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Supra Pacific Financ..
BSE GSM Stage 0 11 Sep 2023 View History
Gujarat Toolroom Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Dhruva Capital Servi..
10-year high High Gain High Volume
BSE GSM Stage IV 11 Sep 2023 View History
Monotype India Ltd.
5-year high
BSE GSM Stage II 11 Sep 2023 View History
Cranes Software Inte..
52 week high
BSE GSM Stage 0 11 Sep 2023 View History
Ganon Products Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Suncare Traders Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Nagarjuna Agritech L..
BSE GSM Stage IV 11 Sep 2023 View History
Lords Ishwar Hotels ..
BSE GSM Stage I 11 Sep 2023 View History
Sigma Solve Ltd.
BSE GSM Stage II 11 Sep 2023 View History
Worth Investment and..
5-year high
BSE GSM Stage IV 11 Sep 2023 View History
N2N Technologies Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
Advance Lifestyles L..
10-year high
BSE GSM Stage II 11 Sep 2023 View History
Explicit Finance Ltd.
BSE GSM Stage 0 11 Sep 2023 View History
RR Securities Ltd.
10-year high
BSE GSM Stage III 11 Sep 2023 View History
Shyama Infosys Ltd.
BSE GSM Stage I 11 Sep 2023 View History
Shreeshay Engineers ..
BSE Long Term ASM Stage I 22 Sep 2023 View History
ACE Software Exports..
BSE Long Term ASM Stage I 22 Sep 2023 View History
Sandu Pharmaceutical..
BSE Long Term ASM Stage I 22 Sep 2023 View History
G V Films Ltd.
BSE Long Term ASM Stage I 22 Sep 2023 View History
Himalaya Food Intern..
BSE Long Term ASM Stage I 22 Sep 2023 View History
Sainik Finance & Ind..
BSE Long Term ASM Stage I 22 Sep 2023 View History
Rajdarshan Industrie..
52 week high High Loss High Volume
BSE Short Term ASM Stage I 22 Sep 2023 View History
LGB Forge Ltd.
BSE Long Term ASM Stage I 22 Sep 2023 View History
Lyka Labs Ltd.
BSE Long Term ASM Stage I 22 Sep 2023 View History
Haria Apparels Ltd.
BSE Short Term ASM Stage I 22 Sep 2023 View History
Atishay Ltd.
BSE Long Term ASM Stage I 22 Sep 2023 View History
Looks Health Service..
BSE Long Term ASM Stage I 22 Sep 2023 View History
Praveg Ltd.
BSE Long Term ASM Stage I 22 Sep 2023 View History
Interactive Financia..
BSE Short Term ASM Stage I 21 Sep 2023 View History
Scoobee Day Garments..
BSE Short Term ASM Stage I 21 Sep 2023 View History
Sulabh Engineers & S..
52 week high High Gain High Volume
BSE Short Term ASM Stage I 21 Sep 2023 View History
Shah Alloys Ltd.
BSE Long Term ASM Stage I 21 Sep 2023 View History
Sundaram Multi Pap L..
BSE Long Term ASM Stage I 21 Sep 2023 View History
Computer Point Ltd.
10-year high
BSE Long Term ASM Stage I 21 Sep 2023 View History
Orient Beverages Ltd.
BSE Short Term ASM Stage I 21 Sep 2023 View History
Sugal & Damani Share..
BSE Short Term ASM Stage I 21 Sep 2023 View History
Standard Batteries L..
10-year high
BSE Long Term ASM Stage I 21 Sep 2023 View History
Hardcastle & Waud Ma..
BSE Short Term ASM Stage I 20 Sep 2023 View History
Sanblue Corporation ..
BSE Short Term ASM Stage I 20 Sep 2023 View History
Stratmont Industries..
52 week high
BSE Short Term ASM Stage II 20 Sep 2023 View History
Norben Tea & Exports..
BSE Long Term ASM Stage I 20 Sep 2023 View History
Bombay Burmah Tradin..
BSE Short Term ASM Stage I 20 Sep 2023 View History
GFL Ltd.
BSE Short Term ASM Stage I 20 Sep 2023 View History
Jain Irrigation Syst..
BSE Short Term ASM Stage I 18 Sep 2023 View History
Bajaj Hindusthan Sug..
BSE Short Term ASM Stage I 18 Sep 2023 View History
Gujarat Intrux Ltd.
BSE Short Term ASM Stage I 18 Sep 2023 View History
Ravindra Energy Ltd.
BSE Short Term ASM Stage I 18 Sep 2023 View History
Nyssa Corporation Ltd.
High Gain High Volume
BSE Short Term ASM Stage I 18 Sep 2023 View History
Cosmo Ferrites Ltd.
BSE Long Term ASM Stage I 18 Sep 2023 View History
USG Tech Solutions L..
BSE Long Term ASM Stage II 18 Sep 2023 View History
Vascon Engineers Ltd.
BSE Short Term ASM Stage I 18 Sep 2023 View History
Udayshivakumar Infra..
BSE Short Term ASM Stage I 18 Sep 2023 View History
Stratmont Industries..
52 week high
BSE Short Term ASM Stage I 18 Sep 2023 View History
Amanaya Ventures Ltd.
BSE Long Term ASM Stage I 15 Sep 2023 View History
DJ Mediaprint & Logi..
BSE Long Term ASM Stage I 15 Sep 2023 View History
Cospower Engineering..
BSE Long Term ASM Stage I 15 Sep 2023 View History
Navkar Urbanstructur..
BSE Long Term ASM Stage I 15 Sep 2023 View History
3i Infotech Ltd.
BSE Short Term ASM Stage I 15 Sep 2023 View History
ASI Industries Ltd.
BSE Long Term ASM Stage I 15 Sep 2023 View History
P M Telelinks Ltd.
High Loss High Volume
BSE Short Term ASM Stage I 15 Sep 2023 View History
MSR India Ltd.
Insider Trades
BSE Long Term ASM Stage II 15 Sep 2023 View History
Foods & Inns Ltd.
BSE Long Term ASM Stage I 15 Sep 2023 View History
National Peroxide Ltd.
52 week high
BSE Short Term ASM Stage I 15 Sep 2023 View History
Hindustan Adhesives ..
BSE Short Term ASM Stage I 15 Sep 2023 View History
Pakka Ltd.
BSE Short Term ASM Stage I 15 Sep 2023 View History
Infronics Systems Ltd.
BSE Long Term ASM Stage I 15 Sep 2023 View History
Shanti Guru Industri..
BSE Long Term ASM Stage I 15 Sep 2023 View History
Octal Credit Capital..
BSE Long Term ASM Stage I 15 Sep 2023 View History
Kotia Enterprises Ltd.
BSE Long Term ASM Stage I 15 Sep 2023 View History
Franklin Leasing & F..
BSE Long Term ASM Stage I 15 Sep 2023 View History
Vision Corporation L..
BSE Long Term ASM Stage I 15 Sep 2023 View History
Gilada Finance & Inv..
BSE Short Term ASM Stage I 14 Sep 2023 View History
Sonal Mercantile Ltd.
BSE Short Term ASM Stage I 14 Sep 2023 View History
USG Tech Solutions L..
BSE Long Term ASM Stage I 14 Sep 2023 View History
The Indian Card Clot..
BSE Short Term ASM Stage I 14 Sep 2023 View History
Cyient DLM Ltd.
BSE Short Term ASM Stage I 14 Sep 2023 View History
Ken Financial Servic..
BSE Short Term ASM Stage I 14 Sep 2023 View History
Mkventures Capital L..
BSE Short Term ASM Stage I 14 Sep 2023 View History
MSR India Ltd.
Insider Trades
BSE Long Term ASM Stage I 14 Sep 2023 View History
Zodiac JRD MKJ Ltd.
BSE Short Term ASM Stage I 14 Sep 2023 View History
MPS Infotecnics Ltd.
BSE Long Term ASM Stage I 13 Sep 2023 View History
Vikas Ecotech Ltd.
BSE Short Term ASM Stage I 13 Sep 2023 View History
Shakti Pumps (India)..
BSE Short Term ASM Stage I 13 Sep 2023 View History
Pearl Global Industr..
BSE Short Term ASM Stage I 13 Sep 2023 View History
MPS Ltd.
BSE Short Term ASM Stage I 13 Sep 2023 View History
Haryana Capfin Ltd.
BSE Short Term ASM Stage I 13 Sep 2023 View History
Creative Castings Ltd.
BSE Short Term ASM Stage I 13 Sep 2023 View History
Kretto Syscon Ltd.
BSE Long Term ASM Stage I 13 Sep 2023 View History
BLS Infotech Ltd.
BSE Long Term ASM Stage I 13 Sep 2023 View History
Syschem (India) Ltd.
BSE Short Term ASM Stage I 13 Sep 2023 View History
AK Capital Services ..
BSE Short Term ASM Stage I 13 Sep 2023 View History
Atal Realtech Ltd.
BSE Short Term ASM Stage I 13 Sep 2023 View History
Mufin Green Finance ..
52 week high High Gain High Volume
BSE Short Term ASM Stage I 13 Sep 2023 View History
Pokarna Ltd.
Insider Trades
BSE Short Term ASM Stage I 12 Sep 2023 View History
Scoobee Day Garments..
BSE Short Term ASM Stage II 12 Sep 2023 View History
HLV Ltd.
BSE Short Term ASM Stage I 12 Sep 2023 View History
Asian Hotels (East) ..
BSE Short Term ASM Stage I 12 Sep 2023 View History
Nila Infrastructures..
BSE Long Term ASM Stage I 12 Sep 2023 View History
Uflex Ltd.
BSE Short Term ASM Stage I 12 Sep 2023 View History
Kay Power And Paper ..
BSE Short Term ASM Stage I 12 Sep 2023 View History
Pasupati Acrylon Ltd.
BSE Short Term ASM Stage I 12 Sep 2023 View History
Empire Industries Ltd.
BSE Short Term ASM Stage I 12 Sep 2023 View History
Balurghat Technologi..
BSE Short Term ASM Stage I 11 Sep 2023 View History
Indian Sucrose Ltd.
BSE Short Term ASM Stage I 11 Sep 2023 View History
Shree Karthik Papers..
BSE Short Term ASM Stage I 11 Sep 2023 View History
Ansal Housing Ltd.
BSE Long Term ASM Stage I 11 Sep 2023 View History
Kemistar Corporation..
BSE Long Term ASM Stage I 11 Sep 2023 View History
Manaksia Coated Meta..
BSE Short Term ASM Stage I 11 Sep 2023 View History
Sharda Motor Industr..
BSE Short Term ASM Stage I 11 Sep 2023 View History
Shivam Autotech Ltd.
BSE Long Term ASM Stage I 11 Sep 2023 View History
Orient Press Ltd.
BSE Long Term ASM Stage I 08 Sep 2023 View History
Take Solutions Ltd.
BSE Long Term ASM Stage I 08 Sep 2023 View History
Parsvnath Developers..
High Gain High Volume
BSE Long Term ASM Stage I 08 Sep 2023 View History
Royal Orchid Hotels ..
BSE Long Term ASM Stage I 08 Sep 2023 View History
Ashiana Ispat Ltd.
BSE Short Term ASM Stage I 08 Sep 2023 View History
Virat Crane Industri..
BSE Long Term ASM Stage I 08 Sep 2023 View History
Stephanotis Finance ..
52 week high
BSE Long Term ASM Stage I 08 Sep 2023 View History
Singer India Ltd.
BSE Short Term ASM Stage I 08 Sep 2023 View History
India Pesticides Ltd.
BSE Short Term ASM Stage I 08 Sep 2023 View History
ICL Organic Dairy Pr..
52 week low
BSE Long Term ASM Stage I 08 Sep 2023 View History
Gian Life Care Ltd.
BSE Long Term ASM Stage I 08 Sep 2023 View History
Valencia Nutrition L..
52 week high
BSE Long Term ASM Stage I 08 Sep 2023 View History
SK International Exp..
BSE Long Term ASM Stage I 08 Sep 2023 View History
BMW Industries Ltd.
BSE Short Term ASM Stage I 08 Sep 2023 View History
Affordable Robotic &..
BSE Long Term ASM Stage I 08 Sep 2023 View History
Hardwyn India Ltd.
BSE Long Term ASM Stage I 08 Sep 2023 View History
Sanghvi Brands Ltd.
BSE Long Term ASM Stage I 08 Sep 2023 View History
Mangalam Industrial ..
BSE Long Term ASM Stage I 08 Sep 2023 View History
Lasa Supergenerics L..
BSE Long Term ASM Stage I 08 Sep 2023 View History
Atishay Ltd.
BSE Long Term ASM Stage II 08 Sep 2023 View History
Srestha Finvest Ltd.
BSE Long Term ASM Stage I 08 Sep 2023 View History
Praveg Ltd.
BSE Long Term ASM Stage II 08 Sep 2023 View History
S Chand & Company Ltd.
BSE Short Term ASM Stage I 08 Sep 2023 View History
Ecoboard Industries ..
BSE Short Term ASM Stage II 08 Sep 2023 View History
Flex Foods Ltd.
BSE Long Term ASM Stage I 08 Sep 2023 View History
Martin Burn Ltd.
BSE Short Term ASM Stage I 08 Sep 2023 View History
S P Capital Financin..
BSE Short Term ASM Stage I 08 Sep 2023 View History
Chartered Logistics ..
BSE Long Term ASM Stage I 08 Sep 2023 View History
Ankit Metal & Power ..
BSE Long Term ASM Stage I 08 Sep 2023 View History
Indiabulls Housing F..
BSE Short Term ASM Stage I 08 Sep 2023 View History
Filatex India Ltd.
BSE Short Term ASM Stage I 07 Sep 2023 View History
Gokaldas Exports Ltd.
BSE Short Term ASM Stage I 07 Sep 2023 View History
Pavna Industries Ltd.
BSE Short Term ASM Stage I 07 Sep 2023 View History
Prakash Pipes Ltd.
BSE Short Term ASM Stage I 07 Sep 2023 View History
Kanishk Steel Indust..
BSE Short Term ASM Stage I 07 Sep 2023 View History
Lords Chloro Alkali ..
BSE Short Term ASM Stage I 07 Sep 2023 View History
Sunil Agro Foods Ltd.
BSE Long Term ASM Stage I 07 Sep 2023 View History
Swarnsarita Jewels I..
BSE Short Term ASM Stage I 07 Sep 2023 View History
Axtel Industries Ltd.
10-year high
BSE Short Term ASM Stage I 06 Sep 2023 View History
Yuken India Ltd.
BSE Short Term ASM Stage I 06 Sep 2023 View History
Cindrella Hotels Ltd.
BSE Short Term ASM Stage I 06 Sep 2023 View History
Delta Manufacturing ..
BSE Long Term ASM Stage I 06 Sep 2023 View History
Piccadily Sugar and ..
BSE Long Term ASM Stage II 06 Sep 2023 View History
Kamanwala Housing Co..
BSE Long Term ASM Stage I 06 Sep 2023 View History
Piccadily Sugar and ..
BSE Long Term ASM Stage I 05 Sep 2023 View History
One Global Service P..
BSE Short Term ASM Stage I 05 Sep 2023 View History
G S Auto Internation..
BSE Long Term ASM Stage I 05 Sep 2023 View History
International Convey..
BSE Short Term ASM Stage I 05 Sep 2023 View History
Graviss Hospitality ..
BSE Long Term ASM Stage I 05 Sep 2023 View History
Swiss Military Consu..
BSE Long Term ASM Stage I 05 Sep 2023 View History
Titagarh Rail System..
BSE Short Term ASM Stage I 05 Sep 2023 View History
Tierra Agrotech Ltd.
BSE Short Term ASM Stage I 05 Sep 2023 View History
Hindprakash Industri..
BSE Long Term ASM Stage I 05 Sep 2023 View History
Future Market Networ..
BSE Long Term ASM Stage I 05 Sep 2023 View History
Keynote Financial Se..
BSE Short Term ASM Stage I 04 Sep 2023 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