NSE, BSE To Move Adani Green Energy To First Stage Of Surveillance Framework

National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) declared that Adani Green Energy will be moved to the first stage of the long-term additional surveillance measure framework from April 10, according to a PTI report.

Earlier this year on March 28, both the exchanges had put Adani Green Energy under the second stage of the long term Additional Surveillance Measure (ASM) framework. In two separate circulars, the bourses said Adani Green Energy will continue in the framework but will be moved to respective lower stage ASM from April 10, added the PTI report.

The parameters for shortlisting securities under the ASM framework include high-low variation, client concentration, number of price band hits, close-to-close price variation and price earning ratio, reported PTI.

Meanwhile, stocks of all the 10 listed firms of the Adani group on Thursday ended the day in the positive territory, with Adani Transmission, Adani Green Energy, Adani Total Gas and NDTV each climbing 5 per cent, as per PTI report.

Many of the group firms hit their upper circuit limits during the day.