Shares of Intellect Design Arena Ltd soared by over 10% on January 7, 2025, to trade at ₹996.90 after the stock was removed from the Short-Term Additional Surveillance Measure (ASM) list at Stage 1. The rally reflects investor optimism following the removal of trading restrictions that were imposed as part of regulatory monitoring.
Intellect Design Arena Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Mon, Jan 6 2025
|
₹974.45
|
₹901.90
|
-7.29%
|
|
Fri, Jan 3 2025
|
₹964.00
|
₹972.80
|
|
|
Thu, Jan 2 2025
|
₹974.70
|
₹955.95
|
-1.13%
|
|
Wed, Jan 1 2025
|
₹962.75
|
₹966.85
|
|
|
Tue, Dec 31 2024
|
₹964.30
|
₹955.95
|
-0.87%
|
|
Mon, Dec 30 2024
|
₹998.05
|
₹964.30
|
-5.58%
|
|
Fri, Dec 27 2024
|
₹1,019.10
|
₹1,021.30
|
-2.91%
|
|
Thu, Dec 26 2024
|
₹915.30
|
₹1,051.90
|
|
What is ASM and the ASM List?
The Additional Surveillance Measure (ASM), introduced in 2018 by the Securities and Exchange Board of India (SEBI) and stock exchanges, is a framework designed to monitor volatile stocks and prevent speculative trading. Stocks are placed on the ASM list based on factors such as price and volume fluctuations, market capitalization, and concentration of client trading.
Implications for Investors:
Stocks under ASM face stricter trading regulations, including:
- 100% margin requirements.
- Restrictions on intraday trading tools like cover orders and bracket orders.
- Application of circuit filters to curb price volatility.
The removal from the ASM list indicates reduced trading risks, making the stock more attractive to investors.
With Intellect Design Arena exiting the ASM list, the stock witnessed a strong uptrend, supported by renewed investor interest.
Stagewise Surveillance and Exit Criteria:
Stocks in the ASM framework are monitored over four stages with progressively stringent measures. To exit the list, securities must meet specified conditions over a 90-day period. For Intellect Design Arena, fulfilling these criteria led to its removal, signaling market stabilization.
Current Stocks in the Short-Term ASM List
As of January 7, 2025, the following stocks remain in the Short-Term ASM list:
- Apollo Micro Systems Limited
- Ashapura Minechem Limited
- Atlas Cycles (Haryana) Limited
- C2C Advanced Systems Limited
- Danish Power Limited
- DC Infotech and Communication Limited
- Donear Industries Limited
- Esprit Stones Limited
- Fairchem Organics Limited
- Ganesh Green Bharat Limited
- GMR Power and Urban Infra Limited
- Greaves Cotton Limited
- ITI Limited
- Jai Corp Limited
- Jeyyam Global Foods Limited
- Kalyani Steels Limited
- Lincoln Pharmaceuticals Limited
- Mohini Health & Hygiene Limited
- Quest Laboratories Limited
- Rockingdeals Circular Economy Limited
- Sadhana Nitrochem Limited
- Salzer Electronics Limited
- Shivalik Rasayan Limited
- Zota Health Care Limited
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
