Shares of select companies have rallied in today’s session after they were removed from the additional surveillance measures (ASM) list.
In order to enhance market integrity and safeguard investors' interest, the Securities and Exchange Board of India (SEBI) and the exchanges have been introducing various enhanced pre-emptive surveillance measures such as reduction in price band, periodic call auction, and transfer of securities to the trade-to-trade category from time to time.
A total of 81 companies including Kiri Industries, Adani Green Energy
, Apex Frozen Foods, Bombay Dyeing & Manufacturing Company
, Den Networks, Global Spirits, GM Breweries, and Morepen Laboratories have been excluded from the ASM with effect from today.
These, followed by Jindal Worldwide, Emami Infrastructure, Dhampur Sugar, TVS Electronics, and Manpasand Beverages
are locked in their respective upper circuits.
Kiri Industries Ltd
is currently trading at Rs450 up by Rs37.75 or 9.16% from its previous closing of Rs412.25 on the BSE.
Bombay Dyeing & Manufacturing Company Ltd is currently trading at Rs95.05 up by Rs8.6 or 9.95% from its previous closing of Rs86.45 on the BSE.