Adani Green Energy Share: After moving the stocks of two companies of Adani Group to step 1 of the additional monitoring measure, a firm of Adani Enterprises has now been listed as ASM on behalf of NSE and BSE. The framework (ASM Framework) is being brought in the second step. This will be applicable from today i.e. Tuesday itself. Exchanges (BSE & NSE) said that the Adani company will continue to remain in the ASM framework, but will move to a higher level from March 28.
During the last week, Adani Group’s two stocks Adani Total Gas and Adani Transmission were included in the first step from the second step of the ASM framework by NSE and BSE on Friday. Now the company is going to include N stock in stage 2.
Which stocks will move to stage 2
In the circular issued by the exchanges, it has been said that this stock of Adani Group is Adani Green Energy, which is being included in Stage-2 of the ASM framework. Earlier, Adani Green Energy and NDTV were placed in Stage 1 of the ASM Framework by BSE and NSE on March 17. Stocks of 10 companies of Adani Group declined on Monday. Adani Power, Adani Total Gas, Adani Wilmar declined by about 5 per cent.
Parameters for shortlist under ASM
For any company to be shortlisted under ASM, the shortlisted company should have the right margin, number of customers required, number of price band hits, price difference and benefit price ratio. BSE and NSE said that Adani Power falls under the criteria for inclusion under the ASM framework for a short period of time.
Monitoring not action on the company
The exchanges clarified that the shortlisting of companies under ASM is based on market monitoring and should not be seen as action against the company or entity concerned.
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