BSE shares fall 5% after exchange put under Stage 1 of ASM framework

BSE shares fall 5% after exchange put under Stage 1 of ASM framework

Before today's drop, shares of BSE had gained for nine straight trading sessions. During these nine days, four of those sessions had over 1 crore shares of the stock trade in a single day.

Shares of the Bombay Stock Exchange (BSE) Ltd. fell as much as 4% after the stock was added to the stage-1 of the Additional Surveillance Measures (ASM) framework.

As a result, trading on the stock will now attract a 100% margin.

Stocks are selected to be placed under the long-term Additional Surveillance Measures based on select criteria, such as price variation, volumes, and concentration of top clients within a given time frame.

Shares that are placed under Stage 1 of the Long-term ASM framework, are subject to the 100% margin starting from the T+3 day. This means that the entire value of the trade will have to be provided as a margin upfront. These stocks are eligible for a staged exit after 90 days. Additionally, stock that are under the stage-1 of the ASM framework can be bought and sold as well.

BSE shares had made a low of ₹1,227 on March 11 this year. In three months to that day, the stock has risen 147% from those levels. Even on a year-to-date basis, the stock has risen 60%.

Before today's drop, shares of BSE had gained for nine straight trading sessions. During these nine days, four of those sessions had over 1 crore shares of the stock trade in a single day. However, volumes on Wednesday are the lowest so far since May 16.

Shares of BSE are currently trading 5.1% lower at ₹2,853.6. Out of the 14 analysts that have coverage on the stock, 10 of them have a "buy" rating, three say "hold", while one has a "sell" recommendation.

First Published: 

Jun 11, 2025 12:25 PM

IST