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Adani Group Stocks: A stock of Gautam Adani’s company Adani Group is being kept under watch again. According to the circular of BSE and NSE, this stock will be placed under Short Term ASM Framework Stage 1 from today i.e. March 23. This change has come when it was kept outside monitoring under two stocks.
According to the circular, this stock was excluded along with Adani Enterprises and Adani Wilmar on March 17, but will now be included in the Short Term Additional Surveillance Framework. NSE and BSE have stated that the stock has fulfilled the criteria for inclusion under Short Term ASM.
This stock will be under observation
As per various circulars available on the exchanges, Adani Power has been shortlisted in the Short Term ASM Framework Stage-I with effect from March 23. If we talk about the parameters of ASM framework, then it includes high-low variation, close to close price, price earning ratio, number of price bands etc. It has been said in the circular that Adani Power has fulfilled these parameters, due to which it is being included in the short term ASM framework.
No stocks short term asm framework currently
Currently there is no stock in short term ASM framework, but now Adani Power will join this list from today. Adani Power, along with Enterprises and Wilmar, had joined the framework on March 9 and exited on March 17.
Stocks recovering from losses
Eight out of 10 listed companies of Adani Group registered gains on Wednesday. The stock of Adani Group was seeing an increase since the Hindenburg report came out, but now these shares are recovering.
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