Additional Surveillance Measures continue to weigh heavy on scrips

Stocks lose a fifth of their value, even as Sensex hits new highs

Companies in the Additional Surveillance Measure (ASM) list have significantly underperformed the market. An analysis of a number of stocks on the list showed they lost around a fifth of their value even as markets hit new highs. 

The S&P BSE Sensex hit a lifetime high of 36,747.87 on Wednesday.

Companies under ASM fell up to 68.83 per cent from June 1 (the last trading day before the mechanism was applicable) to July 18, data compiled by Business Standard showed. 

The ASM is a special mechanism under which shares are restricted from making large moves, since investors are prevented from