Dilip Buildcon, Venky's rally up to 14% on ASM cheer

Select companies, including Dilip Buildcon, Goa Carbon and Venky's India, made a good start as they moved out of the additional surveillance measures (ASM) framework with effect from Thursday.

Dilip Buildcon rallied nearly 7 per cent early today while Goa Carbon and Venky’s India soared 4 per cent and 14 per cent, respectively.

Bhansali Engineering Polymers, Bharat Seats, HIL, Himadri Speciality Chemical, Man Industries and Tinplate Company of India are also among the stocks which will move out of the ASM framework from Thursday, the BSE in a circular said on Monday. Shares of these companies advanced up to 12 per cent as of 9.45 am.


There are 122 stocks that are under the ASM framework, according to the BSE notice.

Meanwhile, the BSE Sensex tumbled over 200 points to 37,297 following muted global cues while the NSE Nifty was down 70 points, or 0.62 per cent, at 11,275.

Maintaining its uptrend for the second straight day, the rupee strengthened by 17 paise to a fresh one-month high of 68.26 against the dollar after the Reserve Bank of India (RBI) maintained its growth outlook for the economy.