New Delhi:
Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have changed the circuit limits of four Adani Group companies. These companies are Adani Power Ltd., Adani Wilmar Ltd., Adani Green Energy Ltd. and Adani Transmission Ltd.
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Now this much is the circuit limit
Both the exchanges have increased the circuit limit for Adani Wilmar, Adani Green Energy and Adani Transmission from 5% to 10%. While the circuit limit of Adani Power has been increased from 5% to 20%. The revised price bands will be applicable from June 7, Wednesday. Price band means that the stock cannot move below or above this limit.
Circuit limit was reduced in January
In January, BSE and NSE had reduced the circuit limits of Adani Transmission, Adani Total Gas and Adani Green Energy. Generally, exchanges do this when there is a lot of volatility in a stock in a very short time. In January, after the report of American short seller Hindenburg, there was a huge decline in the shares of Adani Group.
NSE has revised the circuit limit of a total of 172 companies.
NDTV removed from short term ASM framework
Apart from this, both the exchanges have removed Adani Group company NDTV from the short term ASM framework, with effect from Wednesday, June 7. Last month, both the exchanges put NDTV in the short term ASM framework. NDTV is the second Adani Group company to come out of the ASM framework this month. Prior to this, on June 1, Adani Enterprises was taken out of the ASM framework by both the exchanges.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
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