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 |
|---|---|---|---|---|
| Digicontent Limited | DGCONTENT | INE03JI01017 | III | 24-Jun-2024 |
| Rajdarshan Industries Limited | ARENTERP | INE610C01014 | L | 08-Dec-2025 |
| Inspirisys Solutions Limited | INSPIRISYS | INE020G01017 | III | 24-Jun-2024 |
| Silly Monks Entertainment Limited | SILLYMONKS | INE203Y01012 | I | 10-Jan-2025 |
| Sanco Industries Limited | SANCO | INE782L01012 | 0 | 19-May-2026 |
| Usha Martin Education & Solutions Limited | UMESLTD | INE240C01028 | L | 10-Jan-2025 |
| Eastern Silk Industries Limited | EASTSILK | INE962C01027 | 0 | 24-Jun-2024 |
| Metalyst Forgings Limited | METALFORGE | INE425A01011 | 0 | 24-Jun-2024 |
| Nagreeka Capital & Infrastructure Limited | NAGREEKCAP | INE245I01016 | I | 24-Jun-2024 |
| Burnpur Cement Limited | BURNPUR | INE817H01014 | 0 | 10-Jan-2025 |
| Future Consumer Limited | FCONSUMER | INE220J01025 | 0 | 10-Jan-2025 |
| Mask Investments Limited | MASKINVEST | INE885F01015 | II | 09-Sep-2024 |
| Kridhan Infra Limited | KRIDHANINF | INE524L01026 | L | 10-Dec-2024 |
| Take Solutions Limited | TAKE | INE142I01023 | 0 | 09-Dec-2024 |
| Alps Industries Limited | ALPSINDUS | INE093B01015 | L | 12-Dec-2025 |
| Melstar Information Technologies Limited | MELSTAR | INE817A01019 | 0 | 09-Sep-2024 |
| Metkore Alloys & Industries Limited | METKORE | INE592I01029 | 0 | 07-Aug-2024 |
| Sintex Plastics Technology Limited | SPTL | INE501W01021 | 0 | 24-Jun-2024 |
| Bkm Industries Limited | BKMINDST | INE831Q01016 | 0 | 09-Dec-2024 |
| Rolta India Limited | ROLTA | INE293A01013 | LVIII | 10-Jan-2025 |
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.
