BSE Moves 8 Companies From ASM Framework From Today

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Indian bourse, BSE, will move 8 scrips out of the additional surveillance measure (ASM) framework from 24 September. The companies included are Commex Technology, Oscar Investments, Tiaan Ayurvedic & Herbs, ACI Infocom, Kretto Syscon, Oasis Tradelink, Usher Agro, and VKJ Infradevelopers.

    BSE Moves 8 Companies From ASM Framework From Today

    Meanwhile, NSE will remove Usher Agro from the same ASM framework on Monday.
    In another notification issued on September 21, Globus Spirits has been chosen to be put in the framework based on high-low variation in the scripe, number of price band hits, close to close price earnings ratio and price variation and client concentration.

    For these securities, margins at the rate of 100% plus price band of 5% becomes applicable upon entry into the ASM group.

    The BSE in a circular said that the shortlisting of securities under ASM framework "is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/ entity".

    Read more about: bse asm surveillance margin price band
    Story first published: Monday, September 24, 2018, 10:33 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more