Shares excluded from ASM list rally despite overall weakness in the market

Shares of several companies put on the ASM list had tumbled amid an unwinding of speculative positions

Shares of companies that were excluded from the so-called additional surveillance measure (ASM) list rallied on Thursday. Nine out of 13 stocks on which exchanges removed trading restrictions ended with gains despite overall weakness in the market. Shares of Venky's (India) skyrocketed 20 per cent, while that of Tinplate Company of India, Crescent Leasing and Dilip Buildcon gained between seven per cent and 16 per cent. 

Investors have to provide 100 per cent margin while dealing in these stocks. Also, the stocks are subject to a five per cent limit on the share price movement. The stocks are reviewed twice