The stock exchange previously placed Suzlon shares under this regulatory mechanism. The parameters for inclusion of securities in the ASM shortlist include the variation of highs and lows, customer concentration, number of price band hits, closing-to-closing price variation and price-earnings ratio.
Stage 1 Additional Surveillance Measure (ASM) is a regulatory framework used by Indian stock exchanges to monitor and control unusual price movements or volatility in stocks. When a stock is placed under Stage 1 Additional Surveillance Measure (ASM), it is subjected to heightened scrutiny and investors are required to comply with a 100% margin requirement for transactions.
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This measure aims to mitigate risks and protect market integrity by controlling speculative transactions and ensuring stability. Shares remain under the ASM until they no longer exhibit the worrying behaviour or meet the criteria for removal from the framework.
Shares of Suzlon Energy Ltd closed at ₹80.97, up ₹0.13 or 0.16% on the BSE.
First published: September 20, 2024 00:00 hours IS
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