ASM and confused retail traders

[Bhuvan]

@Lax

Can anyone tell me what will be margin that SEBI will collect when I try to buy ESL shares today? Currently it is quoting 1.25/share on BSE. ESL is placed in ASM and as per BSE notice on Friday - Margins shall be levied at the rate of 100% for this stock.

ESL isn’t trading in the GSM category. Check this post for more on the margins blocked for GSM scrips.

What is ASD Margin for GSM and why is debited from the Ledger?

GSM (Graded Surveillance Measure) is an additional surveillance measure installed on a dynamic set of stocks to ensure market integrity. There are 6 stages of surveillance actions as shown in the image below: [image] This is the NSE list and BSE list of GSM stocks and you will find that ‘Golden Tobacco’ is in the list with a Grade II surveillance measure. [image] Stage II has an Additional Surveillance Deposit(ASD) of 100% of the trade value which is what reflects in your ledger. This amou…