ASM Stocks – Time To Buy Or Exit

πŸ‘‰We had given list of stocks which sebi had decleared As ASM, as all those stocks came under additional surveillance Measures.

Old Article link

πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡

https://wealthcreatures.com/2018/06/01/asm-additional-surveillance-measures-by-sebi/

πŸ‘‰We feel it would be buying opportunity as many good & Quality stocks would be available at better valuation.It would be prudent to add Quality stocks for long term as ASM won’t be there for life time, Its temperory situation.

πŸ‘‰Stocks like HEG,Rain,Graphite,Associated Alchol,BEPL,Man Inds, Radico Khaitan, Bombay Deying, Dilip buildcon ,FCL ,Goa Carbon,Mirc are Fundamental Story .

Impact Of ASM :

ASM will not have any effect on company balance sheet or P&L account nor on its Operation.

ASM will keep Eyes on Brokers dealing in such shares , Buyers & sellers dealing in such shares.

Main Aim of SEBI is to Prevent price manipulation .Unless and untill company itself is involved in Manipulation it will have no impact.

BUY or SELL ?

Since Midcaps have corrected heavily in recent times, it would be prudent to buy Quality Midcaps .

Stocks to BUY which are under ASM :

We feel certain Companies are available at very cheap prices compared to few days back and Nothing fundamentally has been changed AFTER ASM.

There is Only Panic in Markets.

Few of the Well Known Business are as Follows:

1 Associated Alcohols – Company In Expansion Mode

2 BEPL – Largest Manufacturer of ABS Resins

3 Bombay Dyeing- Well Known Group having interest in Textiles & Real Estate

4 Dilip Buildcon – India’s Largest Highway Construction company.

5 Fineotex Chemicals – Innovative Textile Chemical Company

6 Goa Carbon – One of the largest manufacturer of Calcined Petroleum coke

7 Godawari Power- Integrated Steel manufacturer & Captive Power.

8 Goldstone infratech – Electric Bus ( JV with China BYD – Which has won Largest Tender in recent tenders )

9 Graphite – One of the largest & Pioneer in Graphite Electrode Manufacturing

10 HEG – Largest Graphite Electrode manufacturers

11 HIL -CK Birla Group Company.One of renowned brands in Roof top Manufacturers.

12 HSCL – India’s Largest Carbon Black & speciality Carbon manufacturer

13 Man Industries – Largest Manufacturer of Large Diameter Carbon steel Pipes.

14 Prakash Industries – Iron & Steel Company along with Plastic Pipe manufacturing

15 Radico Khaitan – Renowned brand in Alcohol .

16 Rain Industries – One of the world’s Largest CPC & CTP manufacturers

17 Venky’s – FMCG company mainly in Poultry Business

πŸ‘‰We@ wealthcreatures feel all above stocks can be good bet in long term, in short term we feel stocks can correct 20% to 35% more before they take a U turn and once they are out from ASM Quality stocks won’t give you chance to buy.

πŸ‘‰We would suggest investor not to panic buy Quality stocks on further decline.

πŸ‘‰Year 2018 would be bumpy ride for investors.Only patience investors & buying at Right Price & Booking profits at right time would help.

Disc – All Views expresses are for Study purpose only. Consult your financial advisor before investing.

8 thoughts on “ASM Stocks – Time To Buy Or Exit

  1. Hi,
    Thanks for your kind reply. I want to try with 5Paisa. Do you have any idea about their services? I know they don’t offer commodity trading but I don’t need that right now.

    Regards,
    Sanks

    Like

  2. Hello, I would like to know little bit about the stocks under ASM. I want to buy/sell some stocks like BEPL, HEG, etc., but my orders get rejected. My broker Tradeplus tells me that they are not allowed to place orders for ASM stocks. But I see that these stocks are hitting UC/LCs. Who are able to buy/sell these stocks? Is there any way to buy/sell these stocks? Thanks for your reply. Sanks

    Like

    1. Yes there is a way Out.

      Ask your Tradeplus broker that you want to close and Transfer all shares to different broker a/c and ask for procedure for the same.

      Change your Broker immediately .
      Transfer all your holding which you want to sell to other broker.

      Do note Open new a/c in same name.

      IL&FS is a good broker.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s