NSE, BSE To Put Adani Power Under Short-Term ASM Again

The National Stock Exchange and Bombay Stock Exchange on Wednesday stated that they will include Adani Power under the short-term additional surveillance measure (ASM) framework again from Thursday. 

According to the separate circulars available on the exchanges, Adani Power is shortlisted in the short-term ASM framework stage-1 , effective 23 March 2023.

It may be recalled that both the exchanges had put Adani Power, along with Adani Enterprises and Adani Wilmar under short-term ASM on 8 March, but these three stocks were out from the short-term ASM framework on 17 March. 

The two exchanges said that Adani Power has satisfied the criteria for inclusion under short-term ASM. Presently, there is no Adani group stock in the short-term ASM framework.

Client concentration, number of price band hits, close-to-close price variation and price-earning ratio are some of the parameters for shortlisting securities under ASM.