Leading exchange BSE will move out eight companies from the additional surveillance measure (ASM) framework from September 24. The companies are Commex Technology, Oscar Investments, Tiaan Ayurvedic & Herbs, ACI Infocom, Kretto Syscon, Oasis Tradelink, Usher Agro, and VKJ Infradevelopers. Usher Agro will be excluded from the framework from September 24 by the rival exchange NSE as well. In separate communications dated September 21, the exchanges also said that Globus Spirits has been shortlisted in ASM framework with effect from September 24. The parameters for shortlisting securities under the framework are high-low variation, client concentration, number of price band hits, close to close price variation and price-earning ratio, as per the exchanges. The surveillance actions applicable for the shortlisted securities include placing them in the price band of 5 per cent and levying margins at the rate of 100 per cent. Public sector enterprises and public sector banks are exclude
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