Patanjali Foods to move out of NSE’s ASM-IBC framework from Wednesday

MUMBAI: Patanjali Foods will move out of the additional surveillance framework under the insolvency and bankruptcy code with effect from Wednesday, as per a circular issued by the National Stock Exchange of India.

ASM or additional surveillance framework is part of the initiatives taken by the Securities and Exchange Board of India and stock exchanges to enhance market integrity and safeguard the interest of investors. ASM framework is based on objective parameters with price, volume variation, volatility, etc.

There are two types of surveillance framework under which stocks are shortlisted, mainly short-term and long-term.


Stocks shortlisted for inclusion in the ASM list indicate a warning to investors about the unusual price movement. Certain trading restrictions are implemented to avert any volatility and potential losses for investors.

On Tuesday, shares of Patanjali Foods ended 4.5% higher on the NSE at Rs 1,367.90.