₹10.63
▼ -0.11 -1.02%
11 Sept 2026
BSE Listed
ESM · ESM 2What does ESM · ESM 2 mean?
BSE · Enhanced Surveillance Measure (ESM 2)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-06-23
Smiths & Founders (India) Ltd. (513418)
Volume: 27,690Avg Vol 1W: 35,932Avg Vol 1M: 38,02552W Range:₹3.8₹16.1
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