14 Stocks Added to and Excluded from the Short-Term ASM...

Synopsis: Stocks like Allied Blenders & Distillers, Apollo Micro Systems, Bondada Engineering, Easy Trip Planners, eMudhra, and Elcid Investments Limited saw ST-ASM Stage I changes, with some added and others removed.

The Short-term Additional Surveillance Measure (ST-ASM) is a system introduced by Securities and Exchange Board of India and stock exchanges to track stocks showing unusual trading activity. It imposes temporary restrictions on stocks with high volatility or speculative movements, aiming to protect investors and ensure a fair, stable, and transparent market environment.

ST- ASM (Additional Surveillance Measure) Stage 1

When a stock is placed in Stage 1 of the Short-term Additional Surveillance Measure (ST-ASM) framework, margin requirements are increased significantly, typically ranging from 50% to 100% based on volatility. Intraday trading with leverage is restricted, and only delivery-based (CNC) trades are allowed, meaning investors must pay the full amount upfront.

These stocks are reviewed weekly and can be removed within 5 to 15 trading days if trading activity stabilizes. The restrictions aim to control speculation, reduce sharp price movements, and protect investors by ensuring more disciplined and transparent trading.

Criteria for Exclusion from ST ASM

A stock placed under the Short-term Additional Surveillance Measure (ST-ASM) framework remains under observation for about 5 to 15 trading days before review. During this period, exchanges closely monitor its trading activity to identify unusual price movements, high volatility, or concentrated trading among a few investors.

If trading stabilizes and risks reduce, the stock may be moved to a lower stage or removed from the ST-ASM list. This process ensures that only highly volatile stocks remain under surveillance, while stable stocks return to normal trading conditions quickly. Here is the list of stocks that have been shortlisted in the Short-Term ASM Stage I Framework:

Allied Blenders & Distillers Limited

With a market capitalization of Rs. 15,911.31 crore, the shares of Allied Blenders & Distillers Limited were currently trading at Rs. 568.85 per equity share. On April 20, Allied Blenders & Distillers was included in the ST-ASM Framework by the stock exchanges.

Allied Blenders & Distillers Limited (ABD) is a leading Indian alcoholic beverages company best known for its whisky brands. Established in 1988, it became one of the largest spirits producers in India by volume, with strong presence in the Indian-made foreign liquor (IMFL) segment and growing export operations.

Apollo Micro Systems Limited

With a market capitalization of Rs. 10,248.93 crore, the shares of Apollo Micro Systems Limited were currently trading at Rs. 286.85 per equity share. On April 20, Apollo Micro Systems was included in the ST-ASM Framework by the stock exchanges.

Apollo Micro Systems Limited is an Indian defence electronics and technology company focused on mission-critical systems for land, air, sea, and space applications. Headquartered in Hyderabad, it operates as a key private-sector supplier to India’s strategic programs in defense, aerospace, and homeland security.

Bharat Wire Ropes Limited

With a market capitalization of Rs. 1,538.70 crore, the shares of Bharat Wire Ropes Limited were currently trading at Rs. 224.35 per equity share. On April 20, Bharat Wire Ropes was included in the ST-ASM Framework by the stock exchanges.

Bharat Wire Ropes Limited (BWR) is an Indian public company specializing in manufacturing steel wire ropes, strands, and related products. Founded in 1986 and headquartered in Mumbai, it is among one of India’s largest wire rope producers, serving over 75 countries across industries such as oil and gas, mining, infrastructure, shipping, and defense.

Man Industries (India) Limited

With a market capitalization of Rs. 2,627.80 crore, the shares of Man Industries (India) Limited were currently trading at Rs. 528.85 per equity share. On April 20, Man Industries (India) was included in the ST-ASM Framework by the stock exchanges.

Man Industries (India) Limited is a publicly listed Indian manufacturer specializing in large-diameter carbon steel line pipes. Headquartered in Mumbai and incorporated in 1988, it is the flagship company of the MAN Group, promoted by the Mansukhani family. The firm supplies high-pressure pipeline solutions for oil, gas, water, and infrastructure projects across global markets.

Elcid Investments Limited

With a market capitalization of Rs. 3,966.88 crore, the shares of Elcid Investments Limited were currently trading at Rs. 1,31,390 per equity share. On April 20, Elcid Investments was included in the ST-ASM Framework by the stock exchanges.

Elcid Investments Limited is an Indian non-banking financial company (NBFC) based in Mumbai, primarily engaged in investment activities. Incorporated in 1981, it operates as a registered Type-1 NBFC-ND under the supervision of the Reserve Bank of India and is listed on the Bombay Stock Exchange.

Here is the list of stocks that have been excluded from the Short-Term ASM Stage I Framework:

Easy Trip Planners Limited

With a market capitalization of Rs. 2,825.83 crore, the shares of Easy Trip Planners Limited were currently trading at Rs. 7.77 per equity share. On April 20, Easy Trip Planners was excluded from the ST-ASM Framework by the stock exchanges.

Easy Trip Planners Limited is an Indian online travel company operating under the brand name EaseMyTrip. Founded in 2008 and headquartered in New Delhi, it provides digital platforms for flight, hotel, bus, and holiday bookings. The company is one of India’s leading online travel agencies, competing with MakeMyTrip and Yatra Online.

eMudhra Limited

With a market capitalization of Rs. 3,949.68 crore, the shares of eMudhra Limited were currently trading at Rs. 505.90 per equity share. On April 20, eMudhra was excluded from the ST-ASM Framework by the stock exchanges.

eMudhra Limited is an Indian digital security and trust service provider headquartered in Bengaluru, Karnataka. Founded in 2008, the company specializes in digital signature certificates, public key infrastructure (PKI), identity management, and paperless workflow solutions that help organizations establish secure digital transactions and compliance globally.

EPack Prefab Technologies Limited

With a market capitalization of Rs. 1,968.86 crore, the shares of EPack Prefab Technologies Limited were currently trading at Rs. 196 per equity share. On April 20, EPack Prefab Technologies was excluded from the ST-ASM Framework by the stock exchanges.

EPack Prefab Technologies Limited is an Indian company focused on pre-engineered buildings (PEBs) and prefabricated construction solutions. It delivers turnkey steel building and modular infrastructure projects across industrial, commercial, infrastructure, and institutional segments in India and select overseas markets.

JTL Industries Limited

With a market capitalization of Rs. 2,768.87 crore, the shares of JTL Industries Limited were currently trading at Rs. 70.44 per equity share. On April 20, JTL Industries was excluded from the ST-ASM Framework by the stock exchanges.

JTL Industries Limited is an Indian manufacturer of electric resistance welded (ERW) steel pipes, tubes, and structural steel products. Headquartered in Chandigarh, the company is among India’s largest producers in its category, serving domestic and export markets across more than 20 countries.

Sri Lotus Developers & Realty Limited

With a market capitalization of Rs. 7,150.03 crore, the shares of Sri Lotus Developers & Realty Limited were currently trading at Rs. 146.30 per equity share. On April 20, Sri Lotus Developers & Realty was excluded from the ST-ASM Framework by the stock exchanges.

Sri Lotus Developers & Realty Limited is an Indian real estate development company based in Mumbai, focused on luxury and ultra-luxury residential and premium commercial projects. It specializes in society redevelopment projects in Mumbai’s western suburbs.

M & B Engineering Limited

With a market capitalization of Rs. 1,930.75 crore, the shares of M & B Engineering Limited were currently trading at Rs. 337.85 per equity share. On April 20, M & B Engineering was excluded from the ST-ASM Framework by the stock exchanges.

M & B Engineering Limited is an Indian engineering and manufacturing company specializing in electrical and power distribution equipment. Known for producing a range of industrial electrical solutions, the company plays a role in supporting infrastructure, utilities, and industrial automation projects across India.

NACL Industries Limited

With a market capitalization of Rs. 3,872.14 crore, the shares of NACL Industries Limited were currently trading at Rs. 165.35 per equity share. On April 20, NACL Industries was excluded from the ST-ASM Framework by the stock exchanges.

NACL Industries Limited is an Indian agrochemical manufacturer headquartered in Hyderabad, Telangana. It produces crop protection chemicals, including technical-grade active ingredients and branded formulations, serving farmers across India and exporting to over 30 countries.

Bhagiradha Chemicals & Industries Limited

With a market capitalization of Rs. 3,131.51 crore, the shares of Bhagiradha Chemicals & Industries Limited were currently trading at Rs. 241.50 per equity share. On April 20, NACL Industries was excluded from the ST-ASM Framework by the stock exchanges.

Bhagiradha Chemicals & Industries Limited (often abbreviated as BCIL) is an Indian agrochemical company focused on manufacturing technical-grade crop protection chemicals and intermediates. It supplies insecticides, herbicides, fungicides, and specialty intermediates to both domestic and international markets, with a strong emphasis on in-house R&D and process innovation.Bhagiradha Chemicals & Industries Limited

Bondada Engineering Limited

With a market capitalization of Rs. 3,992.81 crore, the shares of Bondada Engineering Limited were currently trading at Rs. 357.80 per equity share. On April 20, Bondada Engineering was excluded from the ST-ASM Framework by the stock exchanges.

Bondada Engineering Limited is an Indian engineering, procurement and construction (EPC) and O&M company focused on telecom infrastructure and renewable energy, particularly solar. Incorporated in 2012 and headquartered in Hyderabad, it operates across India, delivering turnkey infrastructure solutions for major corporates and public sector clients.

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