BSE has imposed new surveillance measures on nine stocks. Its purpose is to stop the irregular rise in the market. These stocks also include RRP Semiconductors, whose price has increased from ₹96 in December 2024 to ₹11,784 now. It has given an abnormal return of 12,553.71% in the last 1 year. Its PE ratio is 2470 and book value is only ₹12. This stock was also recently included in the ESM framework.
New rules will come into effect from November 10
BSE said additional monitoring is needed to maintain market transparency and prevent excessive price movements. The new regime will come into effect from November 10, 2025 and will be applicable only to these groups listed on BSE: X, XT, Z, ZP, ZY and Y.
These rules are not for all companies. Will be applicable only to those companies which fall in the low-liquidity or high-risk category groups of BSE. These groups are typically for companies that are thinly traded, have high corporate governance risks, or have unusually volatile share behavior.
Strictness on seeing three factors
These rules will be applicable to those stocks in which these three factors are visible.
Along with this, these stocks should remain closed at the upper price band continuously for two weeks i.e. upper circuit should be imposed. Such stocks will now be able to trade in 1% price band only once a week on Monday.
Which 9 stocks have been subjected to new strictness?
there will be regular review
BSE said that such stocks will be identified every week (on Friday). The review for exiting the framework will be quarterly, but the stock will need to remain on the watch list for at least a month.
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