BSE puts Bombay Dyeing, Rain Industries, 35 others under ‘additional surveillance measure’; check full list

Bombay Stock Exchange (BSE) has placed shares of Dilip Buildcon, HEG, Rain Industries, Radico Khaitan, Bombay Dyeing, Apex Frozen Foods and 31 other scrips under ASM (Additional Surveillance Measure) framework immediately effective from today, 1 June 2018. Following the action, shares of most of the companies dropped in the morning deals on Friday with the stock of Rain Industries and HEG plunging up to 5%. “Securities which are placed under the ASM framework would be reviewed on bimonthly basis for the applicability of ASM framework, BSE said in a notice on 31 May 2018.

UPDATE: BSE adds Anil Ambani’s R-Naval to ‘additional surveillance measure’, check full list of 109 companies

According to BSE, market participants may note that ASM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the exchanges from time to time. “The 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,” BSE said in a statement.

Also Read

Sebi resolves 2,672 complaints through SCORES platform in Feb

Godrej Industries plans to raise Rs 1,000 cr via bonds

Lower beneficial ownership threshold may trip FPIs

Share Market Highlights: Nifty closes above 17400, Sensex ends 600 pts lower, Bank Nifty sinks 1.8%; HDFC Bank lags

Here is the list of 37 shares that have been placed under the ASM framework by BSE

Notably, among the 37 scrips placed under ASM framework, 4 companies are from the ‘A’ group of BSE — Radico Khaitan, Rain Industries, Dilip Buildcon and Bombay Dyeing Manufacturing Company. “In case of any clarifications, members are requested to contact 2272 5001/ 2272 1717 /2272 5158,” BSE notice said.

(This story was first published on 1 June 2018 on http://www.financialexpress.com)