Introduction of Graded Surveillance Measures (GSM)

Greetings from Geojit!

In order to enhance market integrity and safeguard interest of investors, Securities and Exchange Board of India (SEBI) and Exchanges (NSE&BSE), have introduced an additional new set of surveillance measures called Graded Surveillance Measures(GSM) on securities which witness an abnormal price rise not commensurate with financial health and fundamentals like Earnings, Book value, Fixed assets, Net worth, P/E multiple, etc.)

The main objective of these measures is to;

  • alert and advice investors to be extra cautious while dealing in these securities
  • advice market participants to carry out necessary due diligence while dealing in these securities

The Graded Surveillance Measures include the following:

Stage

Surveillance Actions

I

Transfer to trade for trade with price band of 5% or lower as applicable

II

Trade for trade with price band of 5% or lower as applicable and Additional Surveillance Deposit (ASD) of 100% of trade value to be collected from Buyer

III

Trading permitted once a week trading and ASD 100% of trade value to be deposited by the buyers (Every Monday)

IV

Trading permitted once a week trading with ASD 200% of trade value to be deposited by the buyers (Every Monday)

V

Trading permitted once a month trading with ASD 200% of trade value to be deposited by the buyers (First Monday of the month)

VI

Trading permitted once a month with no upward movement in price of the security with ASD 200% of trade value to be deposited by the buyers (First Monday of the month)

To act in accordance with the Regulatory guidelines, Geojit as a market participant may place restrictions in dealing in these securities through online terminals or through branches.

The list of such securities identified under GSM will be periodically reviewed and published by the Exchanges in their respective websites. Please refer to the respective circular of both the Exchanges to view the list of securities identified under GSM Circular.

Click Here to view NSE Circular on GSM

Click Here to view BSE Notice of GSM

Click Here to view List of shortlisted securities falling under GSM


Warm Regards,
Geojit.

For more details, please contact:

Toll Free: 1800 425 5501 / 1800 103 5501, Paid Line: +91 484 3911 777
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Geojit Financial Services Ltd. (formerly known as Geojit BNP Paribas Financial Services Ltd.), Registered Office: 34/659-P, Civil Line Road, Padivattom, Kochi-682024, Kerala, India. Phone: +91 484-2901000, Website: www.geojit.com. For investor queries: customercare@geojit.com, For grievances: grievances@geojit.com, For compliance officer: compliance@geojit.com. Corporate Identity Number: L67120KL1994PLC008403, SEBI Regn.Nos.: NSE: INB/INF/INE231337230 I BSE:INB011337236 & INF011337237 | MSEI: INE261337230, INB261337233 & INF261337233, Research Entity SEBI Reg No: INH200000345, Investment Adviser SEBI Reg No: INA200002817, Portfolio Manager:INP000003203, NSDL: IN-DP-NSDL-24-97, CDSL: IN-DP-CDSL-648-2012, ARN Regn.Nos:0098, IRDA Corporate Agent (Composite) No.: CA0226.

 
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