NSE, BSE to put Adani Power under short term ASM again starting today

Leading bourses NSE and BSE on Wednesday said they will include Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday.

Adani Power is shortlisted in short-term ASM framework Stage-I effective March 23, according to separate circulars available on the exchanges.

The move also comes close on the heels of the two exchanges moving Adani group stocks -- Adani Green Energy and NDTV -- from the second stage of the long-term ASM framework to Stage I on Monday.

Interestingly, both the exchanges had put Adani Power along with Adani Enterprises and Adani Wilmar under short-term ASM on March 8. However, these three stocks were excluded from the short-term ASM framework on March 17.

Currently, there is no Adani group stock in the short-term ASM framework.

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.

The NSE and BS