Adani Group Share: A day earlier, three stocks were removed from the ASM framework i.e. monitoring and the stock exchange has informed that two more stocks have been transferred from the second stage of the ASM framework to the first stage. Will go. This process will be done from Monday i.e. March 20, 2023.
BSE and NSE have said in their circulars that the shares of the two companies will be shifted from the long-term ASM Framework Stage II to Stage I with effect from March 20. Both these stocks were transferred to the long-term ASM Framework Stage II only last week.
Which are Adani’s shares
These shares of Adani Group are NDTV and Adani Green Energy. Keeping it in stage one means these stocks will be kept under the price band of 5 per cent or less. Whereas VAR margin will be levied at the rate of 100 per cent. On March 17, three Adani group stocks were removed from the short-term ASM framework of the National Stock Exchange. These include Adani Power, Adani Wilmar and Adani Enterprises.
These stocks also under additional surveillance
During the last month, Adani Ports and SEZ and Ambuja Cements were also placed under short-term additional monitoring measure to control volatility in stocks.
Why shares are kept in the ASM framework
ASM is an initiative of SEBI and the exchanges, in which stocks are moved to either short or long time frames to protect the interest of investors. Adani Group’s stock has been placed under the ASM framework due to high volatility following the Hindenburg report.
How Adani Group stocks fared
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