[ad_1]
Major stock exchanges BSE and NSE have decided to enhance monitoring of companies with market cap of less than Rs 500 crore to curb volatility in small cap counters. This Enhanced Surveillance Measure (ESM) will come into effect from June 5 i.e. today.
National Stock Exchange (NSE) and BSE said in two separate filings that SEBI and the exchanges in a joint meeting It has been decided to introduce the ESM framework for companies with a market cap of less than Rs 500 crore. The criteria for shortlisting stocks under the ESM framework include high and low price difference and close price difference.
[ad_2]
Source link