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48 Stocks in Graded Surveillance Measure (GSM) List As of January 27, 2025

Written by: Kusum KumariUpdated on: Jan 27, 2025, 9:34 PM IST
NSE includes 48 companies, including Alps Industries Ltd, Amit Spinning Industries, etc., under its Graded Surveillance Measure (GSM) list, highlighting increased market scrutiny.
48 Stocks in Graded Surveillance Measure (GSM) List As of January 27, 2025
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

To protect investors and maintain market integrity, the Graded Surveillance Measure (GSM) system was introduced by the Securities and Exchange Board of India (SEBI). This system plays a critical role in monitoring companies that display unusual stock price movements, which may suggest price manipulation or other unethical market practices. 

In this blog, let’s explore the Graded Surveillance Measure (GSM) stocks list as of January 27, 2025. 

Graded Surveillance Measure (GSM) Stocks List

SYMBOL COMPANY NAME GSM STAGE
ALPSINDUS Alps Industries Limited IBC – Receipt & GSM 0 (62)
ASIL Amit Spinning Industries Limited GSM – VI (6)
ATNINTER ATN International Limited GSM – VI (6)
BALKRISHNA Balkrishna Paper Mills Limited GSM – 0 (99)
BURNPUR Burnpur Cement Limited GSM – 0 (99)
CMICABLES CMI Limited IBC – Receipt & GSM 0 (62)
COMPINFO Compuage Infocom Limited IBC I & GSM 0 (58)
EDUCOMP Educomp Solutions Limited GSM – 0 (99)
EMAMIREAL Emami Realty Limited GSM – III (3)
EQUIPPP Equippp Social Impact Technologies Limited IBC – Receipt & GSM 0 (62)
FCONSUMER Future Consumer Limited GSM – 0 (99)
FEL Future Enterprises Limited IBC – Receipt & GSM 0 (62)
FELDVR Future Enterprises Limited IBC – Receipt & GSM 0 (62)
FLFL Future Lifestyle Fashions Limited IBC – Receipt & GSM 0 (62)
FSC Future Supply Chain Solutions Limited IBC I & GSM 0 (58)
GANGOTRI Gangotri Textiles Limited GSM – 0 (99)
GAYAHWS Gayatri Highways Limited GSM – III (3)
GAYAPROJ Gayatri Projects Limited GSM II & IBC – Receipt (64)
GFSTEELS Grand Foundry Limited GSM – IV (4)
GLFL Gujarat Lease Financing Limited GSM – 0 (99)
GOLDENTOBC Golden Tobacco Limited IBC – Receipt & GSM 0 (62)
HCL-INSYS HCL Infosystems Limited GSM – 0 (99)
IL&FSTRANS IL&FS Transportation Networks Limited GSM – 0 (99)
INFOMEDIA Infomedia Press Limited GSM – I (1)
LAKPRE Laxmi Precision Screws Limited IBC I & GSM 0 (58)
MEP MEP Infrastructure Developers Limited IBC – Receipt & GSM 0 (62)
OMKARCHEM Omkar Speciality Chemicals Limited IBC I & GSM 0 (58)
ORTEL Ortel Communications Limited IBC I & GSM 0 (58)
ORTINGLOBE ORTIN GLOBAL LIMITED GSM – 0 (99)
PREMIER Premier Limited IBC – Receipt & GSM 0 (62)
QUINTEGRA Quintegra Solutions Limited GSM – 0 (99)
RAJVIR Rajvir Industries Limited GSM – 0 (99)
ROLTA Rolta India Limited IBC I & GSM 0 (58)
ROML Raj Oil Mills Limited GSM – 0 (99)
SADBHIN Sadbhav Infrastructure Project Limited High promoter/Non Promoter Encumbrance & GSM 0 (56)
SANCO Sanco Industries Limited IBC – Receipt & GSM 0 (62)
SECURKLOUD SECUREKLOUD TECHNOLOGIES LIMITED LTASM I & GSM 0 (50)
SETUINFRA Setubandhan Infrastructure Limited GSM II & IBC – Receipt (64)
SHRENIK Shrenik Limited GSM – 0 (99)
SILLYMONKS Silly Monks Entertainment Limited GSM – I (1)
TECILCHEM TECIL Chemicals and Hydro Power Limited GSM – 0 (99)
TNTELE Tamilnadu Telecommunication Limited GSM – 0 (99)
UMESLTD Usha Martin Education & Solutions Limited LTASM I & GSM 0 (50)
UNIVAFOODS Univa Foods Limited GSM – IV (4)
VISUINTL Visu International Limited GSM – VI (6)
VIVIDHA Visagar Polytex Limited GSM – 0 (99)
WILLAMAGOR Williamson Magor & Company Limited GSM – 0 (99)
YAARI Yaari Digital Integrated Services Limited GSM – II (2)

Note: The GSM stocks list here are taken from NSE as of January 27, 2025.  

What is GSM?

The GSM system assigns grades to companies based on their stock price behaviour. SEBI may step in if a company’s stock price rises unusually or shows potential manipulation. This is often done when a company’s stock shows extreme price swings without supporting financial data, which could indicate price manipulation or possible involvement in money laundering.

How Does GSM Work?

If SEBI detects suspicious price movements, it alerts the exchange. Companies whose stock prices appear manipulated are placed under surveillance. These companies are categorised in 6 stages, with increasing restrictions at each stage to prevent unethical trading practices.

  • Stage 1: Stocks are placed under trade surveillance with limited trading allowed. Only 5% price movement is permitted.
  • Stage 2: Trading restrictions increase, and buyers must deposit 100% of the stock’s market value for at least five months.
  • Stages 3-5: Restrictions on trading become stricter, with higher security deposit requirements up to 200% of the trade value.
  • Stage 6: The highest level, where trading is extremely limited and price movements are blocked.

Factors Affecting GSM

The factors that affect a company’s inclusion in the GSM system include:

  • Financial Performance: The overall financial health of the company.
  • Corporate Governance: Adherence to regulatory standards and governance practices.
  • Market Behavior: Irregularities or suspicious activities in the stock market.
  • Transparency and Track Record: The company’s past performance and how transparent it is with investors.

Based on these factors, SEBI assesses the risk and determines if a stock should be placed under surveillance.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 27, 2025, 9:34 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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