Adani Enterprises put under ASM framework by BSE, NSE
The short-term ASM mechanism gets triggered under certain conditions of price volatility in any stock.
The short-term ASM mechanism gets triggered under certain conditions of price volatility in any stock.
The Adani Power stock was moved out of short-term additional surveillance measures framework by the NSE last week.
The shortlisting of securities under Additional Surveillance Measure (ASM) framework is purely on account of market surveillance, says NSE.
The NSE has placed Adani Enterprises, Adani Power, and Adani Wilmar under the short-term ASM framework from March 9.
Adani Enterprises will move out of the short-term additional surveillance measure (ASM) framework of the National Stock Exchange with effect from March 8
This is the market regulator's first statement after several Adani Group stocks witnessed an "unusual price movement" over the past 10 days.
The selloff in Adani Group stocks continued on Thursday, wiping off $108 billion from the conglomerate's market capitalisation in a week.