Gaps in SME stocks, 1134 points crash in the index

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SEBI in action to curb rampant speculation: Trade for trade, ASM surveillance measures

MUMBAI: Seeing that the ongoing game of tricking gullible retail investors by washing their hands in the flowing Ganges is finally getting too much, capital market regulator Securities and Exchange Board of India (SEBI) has swung into action and reined in unbridled speculation in the SME IPO segment. . In the wake of SEBI's welcome decisions on measures including surveillance, trade to trade, circuit limits for the SME segment as well, many SME stocks were hit today amid a flurry of unbridled speculators in the SME segment. The BSE SME IPO index today fell by 3.17 percent or 1133.58 points to the level of 34631.12.

As short-term price appreciation in SME IPOs is not in the interest of investors and the market, SEBA along with the exchanges have introduced a trade-for-trade settlement framework and short-term additional surveillance measures like the mainboard in this segment as well - Addition Surveillance Measure (ASM) for Small and Medium Enterprises (SME) stocks. But the decision to implement it was announced yesterday. These new regulatory measures will come into effect from October 3. The TFT-trade-for-trade and ASM framework, along with other existing surveillance measures implemented by the exchanges from time to time, will now be implemented for SME stocks subject to some modifications, NSE said in separate circulars.

These moves by SEBI, exchanges led to a flurry among financiers, players who stormed SMI stocks today. Along with this, in the temptation of earning a fortune in a short period of time, many stocks crashed as those who staked capital in SME stocks rushed to offload the stocks at high prices in panic.

The National Stock Exchange (NSE) Emerge platform witnessed a broad rally in SME stocks today. Out of 204 companies listed in NSE Emerge Market, the prices of 130 stocks tumbled today, while the prices of 32 stocks remained stable while the prices of 42 stocks closed positive. On the NSE Emerge platform, SSSL fell 9.98 percent, with a number of other stocks falling more than 9 percent. With this, the prices of many stocks fell by more than five percent. Along with this, the share prices of many companies listed on the NSE Emerge and BSE SME platform, which had shown an extraordinary surge at the time of listing, were seen falling by 25 to 50 percent from their fifty-two week high.

So far 455 companies are listed on BSE SME platform. Out of which 152 companies traded today, the prices of 99 companies fell, while the prices of 46 companies remained positive and the prices of 7 companies remained stable. Out of the scrip-stocks included in the BSE SME IPO index, 44 stocks lost their prices in this rush today. While only 21 stocks remained positive. Apart from this, the prices of many stocks were seen falling. After capital market regulator Sebi tightened the reins on SME stocks, panic selling was seen increasing as the IT department cracked down on gangs active in flooding SME IPOs and causing trouble in listings. There was an uproar among the players.

What is the price of stocks in BSE SME Index?

Company Name

share price

reduce

-

( 26 , Sep.)

in percent

Earthstohl Limited

Rs.54

-12.90%

Alcosine

Rs.114.25

-9.33%

Ashrafi Hospital

Rs.107.50

-6.15%

Trident Lifeline

Rs.178.50

-6.05%

Enter Innovatus.

Rs.31.15

-5.61%

Innokeys India

Rs.31.15

-5.32%

Comtrade Ltd.

Rs.150

-5.06%

Vfin solution

Rs.212.95

-5.00%

What is the price of stocks in the NSE Emerge Market?

Company Name

share price

reduce

-

( 26 Sep.)

in percent

SSFL

Rs.106.90

-9.98%

Sono Infratech Ltd.

Rs.67.45

-9.95%

Zeel Limited

Rs.178.10

-9.78%

Krishka strapping

Rs.205.20

-9.76%

Dental Cart Ltd.

Rs.386.90

-9.36%

AG Universal

Rs.59.25

-9.13%

Right Zone Chemcon

Rs.59.55

-9.08%

Why Yushanti Color?

Rs.63

-8.03%

Basil fly

Rs.286

-7.56%

GreenChef Appliances

Rs.107.30

-7.46%

CPC Shapers Ltd.

Rs.445

-6.78%

Yasons Chemex Care

Rs.29

-5.84%

Global Pet Industries

Rs.71.75

-5.72%

KN Agri Res.

Rs.127

-5.44%

Precision Metallics

Rs.43.10

-5.27%

Innovative Tires

Rs.7.50

-5.06%

Marvel Decor Ltd.

Rs.42.60

-5.02%

DuDigital Global

Rs.48.40

-5.00%

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