SandeepKumar_Analyst SENIOR
Posted 4 days ago
GSM = Graded Surveillance Measure. BSE/NSE puts stocks under GSM when they show unusual price movements or have other red flags.
There are different stages from 1 to 6. Stage 6 is the MOST SEVERE level. It means:
- Trading allowed only once a week
- 100% upfront margin required
- Price band of 5% or 2% only
- No intraday trading allowed
CALS Refineries is in Stage 6 because of its history of price manipulation and extremely poor fundamentals. The exchange has put maximum restrictions to protect retail investors.