Two more Adani Group stocks will be included in Stage-1 ASM framework from Monday, know full details
On behalf of the market regulators, two shares of Adani Group have been transferred to the ASM framework of Stage-1. In the past, several stocks of the group have been included in the ASM framework due to their volatility.
Adani Green Energy and NDTV, two holdings of Adani Group, have been included in the System of Long-Term Additional Monitoring or ASM Framework of Stage I. According to the information given by the exchange, this decision will be effective from March 20, 2023.
Let us tell you, in the circular issued by BSE and NSE, it has been told that both the stocks have been transferred from long-term ASM framework stage 2 to stage 1.
Last week itself, Adani Green Energy and NDTV were shifted from Stage 1 to Stage 2 by the exchange. At the same time, Adani Power, Adani Wilmar and Adani Enterprises were excluded from the short-term ASM framework on Friday.
A month earlier, both the stocks were included in the short-term ASM framework by the exchange to hedge against volatility in Adani Port and Ambuja Cement.
What is ASM Framework?
Keeping in view the interests of the investors, market regulators include any stock in the ASM framework when there is high volatility. A report on the Adani Group was issued by the American research firm Hindenburg, after which the shares of several companies of the group were seen fluctuating.
Shares of Adani Group
There was mixed trading in the shares of Adani Group on Friday. Adani Transmission closed up 5 per cent at Rs 1,024, Adani Green Energy up 4.99 per cent at Rs 816.80, Adani Wilmar up 1.52 per cent at Rs 427.35, Adani Power up 1.20 per cent at Rs 199.95 and Adani Enterprises up 1.88 per cent at Rs 1,877.15. At the same time, NDTV's stock fell 1.63 percent to close at Rs 205.70.