Adani Enterprises placed under Short-Term ASM (ST-ASM) List by NSE & BSE

Since the past three days, Adani Enterprises had jumped 39.41% after the SC-appointed panel found no evidence of stock price manipulation in the Adani Group companies.

Both the exchanges BSE & NSE, will put the securities of Adani Group’s flagship: Adani Enterprises Ltd, under the short-term Additional Surveillance Measure (ST-ASM) framework from Thursday.

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

Know more about the ST-ASM FAQ’s here.

Interestingly, in March, NSE and BSE removed Adani Enterprises from the short-term ASM framework.

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