Venky's, Dilip Buildcon removed from ASM framework; stocks surge up to 15%
HIL, Himadri Speciality Chemical and Goa Carbon rallied up to 15% on the BSE in otherwise weak market.
 "Venky's, Dilip Buildcon removed from ASM framework; stocks surge up to 15%")
premium
Shares of Venky’s India, Dilip Buildcon, Tinplate Company of India, HIL, Himadri Speciality Chemical and Goa Carbon have rallied up to 15% on the BSE in otherwise weak market after the BSE removed these stocks from the additional surveillance measures (ASM) framework with effect from Thursday.
Bhansali Engineering Polymers, Bharat Seats, Man Industries (India), Amrit Corp, Sanwari Agro and Crescent Leasing are also among the 13 stocks which have moved out of the ASM framework from today, the BSE said in a circular.
According to BSE, ASM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the exchange from time to time. The ASM require 100% margin and a price band of 5% or lower for trading in these shares.
Also, the exchange said, "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".
Most of these stocks have corrected in the range of 30% to 90% from their respective 52-week highs on the BSE.
Bhansali Engineering Polymers, Bharat Seats, Man Industries (India), Amrit Corp, Sanwari Agro and Crescent Leasing are also among the 13 stocks which have moved out of the ASM framework from today, the BSE said in a circular.
According to BSE, ASM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the exchange from time to time. The ASM require 100% margin and a price band of 5% or lower for trading in these shares.
Also, the exchange said, "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".
Most of these stocks have corrected in the range of 30% to 90% from their respective 52-week highs on the BSE.
| Name | 01/02/2018 | LTP | % chg | 52-wk high | % chg |
| Venkys (India) | 2250.1 | 2587.0 | 15.0 | 4711.0 | -52.2 |
| Tinplate Company of India | 160.8 | 182.5 | 13.5 | 325.0 | -50.5 |
| Dilip Buildcon | 793.1 | 837.0 | 5.5 | 1248.4 | -36.5 |
| Crescent Leasing | 15.2 | 16.0 | 5.3 | 219.0 | -93.1 |
| Goa Carbon | 553.5 | 581.1 | 5.0 | 1215.0 | -54.4 |
| Sanwaria Consumer | 13.4 | 14.1 | 5.0 | 34.8 | -61.4 |
| Himadri Speciality Chemical | 138.4 | 145.0 | 4.8 | 197.0 | -29.7 |
| Man Industries (India) | 114.0 | 118.9 | 4.3 | 161.0 | -29.2 |
| HIL | 2220.8 | 2293.0 | 3.3 | 2375.0 | -6.5 |
| Bhansali Engineering Polymers | 150.3 | 154.8 | 3.0 | 224.0 | -32.9 |
| Bharat Seats | 171.4 | 170.0 | -0.8 | 274.0 | -37.5 |
| S&P BSE Sensex | 37521.6 | 37290.0 | -0.6 | ||
| LTP: Last traded price in August 2, 2018 at 09:44 AM. | |||||
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%