GSM stock list
Graded Surveillance Measure stocks
NSE BSE GSM stocks
Surveillance stocks list
NSE graded stocks
BSE surveillance measure
Indian stock exchange GSM
GSM List
List of securities that are currently in the GSM (Graded Surveillance Measure) list because of certain market-based parameters
COMPANY NAME | SYMBOL | ISIN | STAGE | TIME |
|---|---|---|---|---|
| Neueon Towers Limited | NTL | INE333I01036 | I | 19-Nov-2024 |
| Autoriders Finance Limited | AUTORIDFIN | INE450A01019 | VI | 18-Aug-2023 |
| Viji Finance Limited | VIJIFIN | INE159N01027 | 0 | 11-Dec-2023 |
| Nagreeka Capital & Infrastructure Limited | NAGREEKCAP | INE245I01016 | I | 24-Jun-2024 |
| Burnpur Cement Limited | BURNPUR | INE817H01014 | L | 01-Jul-2024 |
| Blue Chip India Limited | BLUECHIP | INE657B01025 | 0 | 22-Sep-2023 |
| Antarctica Limited | ANTGRAPHIC | INE414B01021 | II | 11-Dec-2023 |
| Atlanta Limited | ATLANTA | INE285H01022 | II | 11-Dec-2023 |
| Future Consumer Limited | FCONSUMER | INE220J01025 | 0 | 27-Aug-2024 |
| Binani Industries Limited | BINANIIND | INE071A01013 | 0 | 09-Sep-2024 |
| California Software Company Limited | CALSOFT | INE526B01014 | 0 | 11-Dec-2023 |
| Tarapur Transformers Limited | TARAPUR | INE747K01017 | 0 | 06-Oct-2023 |
| Mcnally Bharat Engineering Company Limited | MBECL | INE748A01016 | 0 | 07-Aug-2024 |
| Amit Spinning Industries Limited | ASIL | INE988A01026 | VI | 19-Nov-2024 |
| ATN International Limited | ATNINTER | INE803A01027 | VI | 19-Nov-2024 |
| Eastern Silk Industries Limited | EASTSILK | INE962C01027 | 0 | 24-Jun-2024 |
| Future Retail Limited | FRETAIL | INE752P01024 | 0 | 09-Sep-2024 |
| Bkm Industries Limited | BKMINDST | INE831Q01016 | 0 | 19-Nov-2024 |
| Emami Realty Limited | EMAMIREAL | INE778K01012 | 0 | 19-Nov-2024 |
| Hindustan Motors Limited | HINDMOTORS | INE253A01025 | I | 11-Mar-2024 |
What is GSM?
GSM stands for Graded Surveillance Measure. GSM, introduced in 2017, is an initiative by SEBI to protect investor’s interests and enhance the market’s integrity. When a stock is put under GSM, it is subjected to enhanced monitoring and surveillance based on predetermined criteria. GSM is applicable both in NSE and BSE.
Purpose of GSM:
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The main objective of GSM is to protect investors from excessive speculation and manipulation in volatile securities.
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To promote transparent and fair-trading practices in the country.
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To reduce market abuse and manipulative trading practices that can distort market prices.
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The GSM framework suggests market participants be extra careful and cautious while dealing in these securities since chances are likely that the investor may incur a loss.
There are four stages under the GSM list in which stocks are categorised. The exchange will assign the security to a specific stage based on price movement and predetermined objective criteria. When security reaches a certain level, it will trigger the appropriate surveillance action. These four surveillance actions have been listed below:
| Stage | Surveillance Actions |
|---|---|
| I | Applicable margin rate shall be 100% And price band of 5% or lower as applicable |
| II | Trade for trade with a price band of 5% or lower as applicable and Additional Surveillance Deposit (ASD) of 50% of trade value to be deposited by the Buyers |
| III | Trade for trade with a price band of 5% or lower as applicable and Trading permitted once a week (Every Monday/1st trading day of the week) And ASD (100% of trade value) to be deposited by the buyers |
| IV | Trade for trade with a price band of 5% or lower as applicable and Trading permitted once a week (Every Monday/1st trading day of the week) And ASD (100% of trade value) to be deposited by the buyers with no upward movement. |
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Implications for Investors:
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Increased margin requirements and ASD can lead to increased trading costs for investors.
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TFT and price bands can reduce liquidity in the stocks, making it more difficult to buy or sell them
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Investors should do proper research and understand the risks linked with trading in these scrips before making any investment decision.
