NSE Puts Six More Stocks Under ASM From July 25

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    NSE, one of the leading exchanges of India in a circular said that it has placed six additional stocks under ASM or Additional surveillance measure mechanism with effect from July 25.

     NSE Puts Six More Stocks Under ASM From July 25

    The stocks that are included in the ASM measure include Lakshmi Precision, Sri Adhikari Brothers, Super Spinning Mills, 8K Miles Software, Nelco, and Soril Infra.

    These securities as part of the additional surveillance measure will be subject to following applicable action

    1. 5% price band will apply to these securities with effect from July 25, 2018

    2. 100% margin will apply from July 31, 2018 in respect of all open positions as on July 30, 2018, and new positions that are created from July 31, 2018 onwards.

    In the circular, NSE said, ASM framework on securities will become applicable in conjunction with other existing surveillance measures that are imposed from time to time by the exchanges.

    Notably for investors, ASM framework action against stocks should not be confused with some adverse step taken against the respective company. And is merely the result of market surveillance measures.

    Further, stocks or securities placed under ASM framework will be reviewed on a bi-monthly basis so as to assess the applicability of ASM measure.

    Goodreturns.in

    Read more about: asm nse
    Story first published: Wednesday, July 25, 2018, 13:03 [IST]
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