Three Adani group shares under NSE’s additional surveillance; two group stocks moved to stage 2 of long-term ASM
时间:2024-06-26 04:23:55 阅读(143)
Adani Enterprises, Adani Power, and Adani Wilmar have been included under the National Stock Exchange’s short-term additional surveillance measures (ASM) framework from Thursday. The update came two days after it was announced that Adani Enterprises would be excluded from the exchange’s ASM. The decision to add the firms’ shares into the surveillance framework is following the steep rise in the share price over the past few sessions.
Adani Green Energy and NDTV shares will be moved to stage 2 of NSE’s long-term ASM framework, according to a circular released by the exchange. Last month, Adani Ports and SEZ and Ambuja Cements were also placed under the short-term additional surveillance measure to reduce the heightened volatility faced by the stocks following the US financial forensic research firm, Hindenburg Research’s scathing report, alleging the Group of large-scale fraud and stock market manipulation. However, the two companies were removed from the framework on 13 February.
SEBI and the exchanges jointly introduced the ASM framework to “alert and advise investors to be extra cautious when dealing in these securities” according to an NSE circular. Certain 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 March 10, 2023 on all open positions as on March 9, 2023 and new positions created from March 10, 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.
Adani Enterprises closed at its monthly high on Wednesday, extending gains for the sixth straight session, following the announcement that the company repaid its share-based funding of Rs 7,374 crore and would pay back all its outstanding debts. The shares of the company closed at Rs 2,039, up 2.83% on the NSE.
上一篇:UPI transaction value jumps 42% to Rs 18
下一篇:Xiaomi banks on integrated smartphones for next growth phase
猜你喜欢
- US stocks edge higher ahead of holiday, crude tumbles
- Nifty to gradually head towards 19700, Bank Nifty may consolidate; RIL, Tata Motors among preferred stocks
- Gold Price Today, 11 August- Gold falls on strong US dollar, bond yields; traders eye US CPI data
- Gold Price Today, 16 Dec 2022- Prices flat, dollar rises; yellow metal set for weekly loss amid hawkish US Fed
- US Stocks- Wall Street slips on losses in Apple, energy shares
- US Stocks- Wall Street opens lower as Walmart warning rattles retail shares
- US Stocks- Wall Street rises as earnings kick into high gear
- Nifty, Sensex surge 2% on strong global cues as bulls return to D-St; ‘market trend bullish, buy on dips’
- Gold import duty hike may weaken precious metal demand; MCX Gold August may decline to Rs 51400 per 10 gram