Shaily Engineering, Adani Energy and other stocks recently included in ST-ASM framework
Overview: Several Indian stocks including Adani Energy Solutions, Shaily Engineering Plastics, Delta Corp, etc. were recently included in the SEBI Short-Term Additional Monitoring Measures (ST-ASM) framework following a review that identified unusual price movements, high trading volumes and other reasons.
Short-Term Additional Monitoring Measures (ST-ASM) This is a regulatory mechanism introduced by SEBI and the Stock Exchanges of India to closely monitor stocks showing unusual or sudden trading activity. The main goal is to protect investors and maintain market stability by imposing temporary, more stringent trading restrictions on highly volatile or speculative stocks.
Inclusion and exclusion criteria for ST-ASM
Stocks are subject to Short-Term Additional Monitoring Measures (ST-ASM) based on sudden abnormal price movements, rapid changes in trading volume, high customer concentration, limited trader diversity and short-term volatility (typically 5 to 15 trading days or more). These factors help exchanges identify stocks with unusual or speculative trading activity for closer and more ad hoc monitoring.
If your inventory no longer meets the inclusion criteria, it may be removed from ST-ASM. After completing a minimum period (5-15 trading days), stocks are reviewed in stages. You can either move to a lower tier or, if you’re in tier I, quit entirely. Continuous monitoring ensures that only stocks with recent unusual trading patterns remain in ST-ASM. Below is a list of stocks recently included in the ST-ASM framework.
Adani Energy Solutions Company
Adani Energy Solutions Limited (AESL), part of the Adani Group and headquartered in Ahmedabad, is India’s largest private sector transmission and distribution company. It specializes in the construction, operation and maintenance of high-voltage transmission lines and distribution networks, with an increasing focus on smart metering and district cooling solutions. On April 28, the company was included in the ST-ASM Stage I Framework by the stock exchange.
Shaily Engineering Plastics Company
Shaily Engineering Plastics Ltd (Established in 1987) is a Vadodara based manufacturer specializing in precision injection molded plastic components and sub-assemblies for industries such as Healthcare, Home Furniture and FMCG. Recognized as a leading exporter, the company serves Fortune 100 companies through its high-performance polymers, manufacturing and in-house tooling capabilities. On April 27, the company was included in the ST-ASM Stage I Framework by the stock exchange.
Delta Corporation
Delta Corp Ltd is India’s largest publicly traded gaming and hospitality company. It operates casinos in Goa and Sikkim along with an online gaming platform. Founded in 1990, the company focuses on entertainment, tourism and luxury experiences and is a key player in India’s regulated gaming industry. On April 27, the company was included in the ST-ASM Stage I Framework by the stock exchange.
Electrotherm (India) Ltd
Electrotherm (India) Ltd is a diversified engineering company and a global leader in induction melting furnaces. The company provides turnkey solutions to the steel industry, including manufacturing furnaces, ductile iron pipes, and TMT bars, while diversifying its business into electric vehicles (electric bicycles/electric rickshaws) and renewable energy. On April 27, the company was included in the ST-ASM Stage I Framework by the stock exchange.
IRM Energy Ltd.
IRM Energy Ltd (IRMEL), established in 2015, is an Indian city gas distribution company that supplies compressed natural gas (CNG) and piped natural gas (PNG) for household, industrial, and commercial purposes. It is headquartered in Ahmedabad and operates networks in Gujarat, Punjab and Tamil Nadu. On April 28, the company was included in the ST-ASM Stage I Framework by the stock exchange.
Vidya wire company
Vidya Wires Limited is an Indian manufacturing company that produces copper and aluminum windings used in the power, electrical, automotive and renewable sectors. The company is one of the leading wire manufacturers in India, offering a diverse product range and strong production capabilities and serving diverse industrial customers both domestically and internationally. On April 27, the company was included in the ST-ASM Stage I Framework by the stock exchange.
Fujiyama Power Systems Co., Ltd.
Fujiyama Power Systems Limited is an Indian renewable energy company that manufactures rooftop solar products including solar panels, inverters, and batteries. The company operates on-grid, off-grid and hybrid solar solutions, serving the residential and commercial sectors, and is seeing strong growth driven by the expanding solar energy market in India. On April 27, the company was included in the ST-ASM Stage I Framework by the stock exchange.
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