Adani Enterprises Removed From The Watch List Of NSE And BSE

Adani Enterprises removed from the watch list of NSE and BSE: Good news for investors.

The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have removed Adani Enterprises from the Short-Term Monitoring (ASM) process.

This decision taken by the exchanges will be implemented from the next trading session on March 8.

In the last week of January, American short seller Hindenburg came out with a report on Adani Group, after which there was a sharp selloff in the group’s shares.

For this reason, Adani Group’s flagship companies Adani Enterprises, Adani Ports, and Ambuja Cement were put in the ASM framework by NSE and BSE.

Adani Ports and Ambuja Cement are out.

Adani Ports and Ambuja Cement, two Adani Group companies, have already been taken out of the ASM framework by the regulator on February 13.

After this, now the regulators have decided to exclude Adani Enterprises from the ASM framework.

It was said on behalf of the regulator that there will be no restriction on the sale and purchase of shares. The maximum margin limit has been increased to 100%.

What is ASM Framework?

The ASM framework is called the Additional Surveillance measure.

It has been introduced by the market regulator Securities and Exchange Board of India (SEBI) and the exchange to prevent unsustainable movements in stock from external factors.

When to put stock in asm framework. The decision on this is taken by the regulator.

Adani Group shares rise.

Adani’s shares have continued to rise for the last few days. On Monday too, Adani Enterprises closed five percent higher. With this, upper circuits were seen in many stocks.

Let us tell you that last week, an investment of Rs 15,446 crore was made in four companies of the Adani Group by the American firm GQG Partners. Since then, the shares of the group are seeing a boom.

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