What is the ASM/GSM list? How does it affect TM Investors?
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ASM & GSM are important measures that SEBI has adopted for investor’s safety. It is important for investors to know how these protective measures work in their favor. SEBI and stock exchanges, to enhance market integrity and safeguard investors, have introduced Additional Surveillance Measures (ASM) on securities. As on 19-02-2021, 120 stocks are under the long-term list of ASM and 41 stocks under the short-term list. Shortlisting of securities for placing in ASM is based on the following parameters: 1. High Low Variation 2. Client Concentration 3. Close to Close Price Variation 4. Market Capitalization 5. Volume Variation 6. Delivery Percentage 7. No. of Unique PANs 8. PE ASM is good for investors as SEBI would thoroughly verify any unexpected price movement in a stock. It will control speculative activities and reduce the possibility of any malpractice. How ASM works? Stock Exchange has introduced ASM mainly for controlling Speculation (Trading) in t