Leading bourses BSE and NSE will put the securities of NDTV, an Adani Group firm, under the short-term ASM framework from Tuesday.
Photograph: Adnan Abidi/Reuters
The parameters for shortlisting securities under ASM embody high-low variation, shopper focus, variety of value band hits, close-to-close value variation and price-earning ratio.
New Delhi Television Ltd (NDTV) is shortlisted within the short-term Additional Surveillance Measure (ASM) framework Stage-I efficient from May 30, the National Stock Exchange (NSE) and BSE mentioned in two separate circulars on Monday.
The transfer got here after each bourses had put the flagship agency of the conglomerate Adani Enterprises under the short-term ASM framework on May 25.
Last week, BSE and NSE eliminated NDTV from the long-term ASM framework.
On Monday, NDTV inventory jumped 5 per cent on BSE and NSE.
US short-seller Hindenburg Research in its January 24 report levelled allegations of fraud and inventory manipulation towards the Adani group.
However, a Supreme Court-appointed panel discovered no proof of inventory value manipulation within the group corporations.
