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 |
|---|---|---|---|---|
| Omkar Speciality Chemicals Limited | OMKARCHEM | INE474L01016 | LVIII | 10-Jan-2025 |
| Ortel Communications Limited | ORTEL | INE849L01019 | LVIII | 10-Jan-2025 |
| ORTIN GLOBAL LIMITED | ORTINGLOBE | INE749B01020 | 0 | 10-Jan-2025 |
| Premier Limited | PREMIER | INE342A01018 | LXII | 10-Jan-2025 |
| Quintegra Solutions Limited | QUINTEGRA | INE033B01011 | 0 | 10-Jan-2025 |
| Rajvir Industries Limited | RAJVIR | INE011H01014 | 0 | 10-Jan-2025 |
| Sanco Industries Limited | SANCO | INE782L01012 | LXII | 10-Jan-2025 |
| Supreme Engineering Limited | SUPREMEENG | INE319Z01021 | I | 13-May-2024 |
| Radaan Mediaworks India Limited | RADAAN | INE874F01027 | III | 09-Sep-2024 |
| Next Mediaworks Limited | NEXTMEDIA | INE747B01016 | L | 27-Nov-2024 |
| Binani Industries Limited | BINANIIND | INE071A01013 | 0 | 09-Sep-2024 |
| Amit Spinning Industries Limited | ASIL | INE988A01026 | VI | 10-Jan-2025 |
| ATN International Limited | ATNINTER | INE803A01027 | VI | 10-Jan-2025 |
| Digicontent Limited | DGCONTENT | INE03JI01017 | III | 24-Jun-2024 |
| CMI Limited | CMICABLES | INE981B01011 | LXII | 10-Jan-2025 |
| Educomp Solutions Limited | EDUCOMP | INE216H01027 | 0 | 10-Jan-2025 |
| Setubandhan Infrastructure Limited | SETUINFRA | INE023M01027 | LXIV | 10-Jan-2025 |
| Inspirisys Solutions Limited | INSPIRISYS | INE020G01017 | III | 24-Jun-2024 |
| Silly Monks Entertainment Limited | SILLYMONKS | INE203Y01012 | I | 10-Jan-2025 |
| Shyam Telecom Limited | SHYAMTEL | INE635A01023 | 0 | 04-Nov-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.
