Adani Group Another Stock Under Long Term ASM Framework Stage 2 Read Details

Adani Green Energy Share: After the stocks of two Adani Group companies were moved to Step 1 of the Additional Monitoring Measures, a firm of Adani Enterprises is now being moved to Step 2 of the ASM Framework by NSE and BSE. . This will be applicable from today i.e. from Tuesday itself. Exchanges (BSE & NSE) said that Adani’s company will remain in the ASM framework for now, but will move to a higher level from March 28.

During the last week, on Friday, two stocks of Adani Group, Adani Total Gas and Adani Transmission, were included in the first step from the second step of the ASM framework by NSE and BSE. Now the company is going to include N Stock in Stage 2.

which stocks will move to stage 2

In the circular issued by the exchanges, it has been said that this stock of Adani Group is Adani Green Energy, which is being included in Stage-2 of the ASM framework. Earlier, Adani Green Energy and NDTV were placed in Stage 1 of the ASM Framework by BSE and NSE on March 17. On Monday, the stock of 10 companies of Adani Group declined. Adani Power, Adani Total Gas, Adani Wilmar registered a decline of about 5 percent.

Criteria for shortlisting under ASM

For any company to be shortlisted under ASM, the shortlisting company should have the right margin, number of customers required, number of price band hits, price difference and benefit price ratio. BSE and NSE said that Adani Power falls under the criteria for inclusion under the ASM framework for a short period of time.

monitoring no action on the company

The exchanges clarified that shortlisting of companies under ASM is based on market surveillance and should not be seen as action against the concerned company or entity.

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