The decision to put IndusInd under ASM is initiated by the stock exchange to safeguard the interests of investors. The shares of IndusInd Bank have had a rough past few days, falling more than 30 percent this week.
NSE circular stated that the move should not be construed as an adverse action against the concerned company or entity
Additional surveillance measure (ASM) is an initiative to enhance market integrity and safeguard the interest of investors. By putting stocks under ASM, exchanges also serve as a warning to investors to keep a tab on unusual price movements.