What is the relationship between ASM and other surveillance measures like GSM?

GSM is a component of ASM - ASM and GSM are complementary surveillance measures in the Indian stock market, with ASM acting as an umbrella framework to curb excessive volatility and speculation, while GSM is a more severe, stringent, tiered component of ASM used for stocks exhibiting serious underperformance and low transparency. GSM brings restrictions when a stock exhibits more serious risks. Both lists serve as a warning to investors, encouraging caution and due diligence before trading in these securities.