Adani Enterprises stock exits NSE’s additional security framework after a month
时间:2024-06-28 22:51:02 阅读(143)
Gautam Adani-led Adani Enterprises stock has been removed from the NSE’s short-term additional surveillance measure (ASM) after over a month, according to a circular released by the exchange. The flagship conglomerate was put under the framework on 2 February, following the heightened volatility in the share prices after the dissemination of the Hindenburg report. Along with the flagship conglomerate, Aaron Industries was also removed from the framework, which goes into effect on 8 March.
Other Adani group companies, Ambuja Cements and Adani Ports and SEZ, were also put under the short-term additional surveillance measure framework (ST-ASM) on 2 February. However, these companies exited the ST-ASM framework shortly after, on 13 February.
High Low VariationClient ConcentrationClose to Close Price VariationMarket CapitalizationVolume VariationDelivery PercentageNo. of Unique PANsPECertain trading restrictions are imposed on stocks that fall under the framework. “Applicable rate of margin shall be 50% or existing margin, whichever is higher, subject to maximum rate of margin capped at 100% with effect from February 6, 2023 on all open positions as on February 3, 2023 and new positions created from February 6, 2023,” said NSE on the actions under the short-term ASM framework. This seeks to deter traders from taking excessive risks and reduce volatility, since the liquidity will reduce.
Over the few past sessions, the Adani group shares have seen a sharp recovery. From 28 February to 6 March, Adani Enterprises has gained over 45%, rising 5% in trade on Monday amid positive momentum in the broader markets. Other of the group shares hit their upper circuit as well. Shares of Adani Power, Adani Transmission, Adani Energy, Adani Total Gas and Adani Wilmar jumped 5% each and their closing levels touched the respective upper price bands. The jump in Adani group stocks is a result of global equity fund GQG’s Rs 15,466 crore investment in four group entities via block deals last week, saying the group has “fantastic assets”.
上一篇:World stocks gain after Wall Street has best day in 6 weeks
下一篇:You may just have the Neanderthal DNA! Here are 6 traits to watch out
猜你喜欢
- Zomato, Reliance Infrastructure, CSB Bank, REC among 148 stocks that hit 52-week highs; 15 touch 52-week lows
- Weakness in global market weighs on investor sentiment, limit leveraged positions; Nifty resistance at 17250
- Wall Street Week Ahead-Historically stormy month of September may test US stock rally
- Zoomcar appoints Adarsh Menon as new President
- Petrol and Diesel Rate Today, 9 February- Fuel prices steady; Check rates in Delhi, Mumbai, other cities
- Petrol, Diesel Price Today, 19 Sep 2022- Fuel cost unchanged; check rates in Delhi, Mumbai, other cities
- Will Nifty gain above 21,800 levels or dip further- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Vibrating pills for weight loss- Read on to know more about this drug
- Petrol, Diesel Price Today, 19 Sep 2022- Fuel cost unchanged; check rates in Delhi, Mumbai, other cities