Description

BSE announces movement of 10 securities across different GSM (Graded Surveillance Measure) stages for enhanced market monitoring.

Summary

BSE has announced the movement of 10 securities into different stages of the Graded Surveillance Measure (GSM) framework. The changes range from securities moving out of GSM (Stage 0) to those entering higher surveillance stages (Stage IV), indicating varying levels of market monitoring and trading restrictions.

Key Points

  • 10 securities are affected by GSM stage changes
  • Ramchandra Leasing & Finance Ltd moves to Stage 0 (out of GSM framework due to ESM inclusion)
  • White Organic Retail Limited enters GSM Stage I
  • Mehta Securities Ltd moves to GSM Stage II
  • 3 securities (Madhur Industries, Santosh Fine-Fab, G-Tech Info-Training) move to Stage III
  • 4 securities move to the highest GSM Stage IV with maximum surveillance

Securities Affected

Stage 0 (Exiting GSM):

  • Ramchandra Leasing & Finance Ltd (538540) - moved due to ESM Framework inclusion

Stage I:

  • White Organic Retail Limited (542667)

Stage II:

  • Mehta Securities Ltd (511738)

Stage III:

  • Madhur Industries Ltd (519279)
  • Santosh Fine-Fab Ltd (530035)
  • G-Tech Info-Training Ltd (532139)

Stage IV:

  • Premier Capital Services Ltd (511016)
  • Clio Infotech Ltd (530839)
  • Raymed Labs Ltd (531207)
  • Golden Carpets Ltd (531928)

Regulatory Framework

The GSM framework applies progressive surveillance measures based on security performance and market behavior. Higher stages involve stricter trading conditions and enhanced monitoring.

Impact Assessment

Securities in higher GSM stages face increased trading restrictions, reduced liquidity, and enhanced regulatory scrutiny. Investors should exercise caution when trading these securities due to heightened surveillance measures.

Impact Justification

Affects trading conditions for 10 securities with varying levels of surveillance restrictions