After the report of Hindenburg Research, there was a huge decline in the shares of Adani Group. Due to which NSE had put three shares of the group including Adani Enterprises in this framework.
Image Credit source: File Photo
Adani Enterprises : Adani Group has got a big gift of Holi with the rise in its shares for the last few days. Due to which Adani Group has got a big relief. Because National Stock Exchange (NSE) has decided to remove Adani Enterprises, the flagship company of Adani Group, from the Short Term Additional Surveillance Framework. NSE had put three shares of the group, including Adani Enterprises, in this framework due to the rapid decline. But after the rise in the shares, three shares of Adani Group will be reinstated from the framework.
After the report of Hindenburg Research, there was a huge decline in the shares of Adani Group. Due to which NSE had put three shares of the group including Adani Enterprises in this framework. But in the last five sessions, the shares of Adani Group have gained a lot. During this, the stock of Adani Enterprises has risen 90 percent.
NSE said in a circular that Adani Enterprises will be removed from this framework from Wednesday. Today is Holi holiday in the domestic stock market. Explain that when a stock falls heavily, to protect investors from short selling or speculative trades, the exchanges put it in the short term or long term additional surveillance framework, so that investors Don’t let much damage happen.
Hindenburg issued negative report
On January 24, US short selling company Hindenburg Research issued a negative report about Adani Group. After this, the shares of Adani Group fell heavily for more than a month. In view of this, on February 3, NSE had put Adani Enterprises, Ambuja Cements and Adani Ports and Special Economic Zone (APSEZ) in the surveillance framework. . Ambuja Cements and Adani Ports were taken out of this framework only last month.
Brake on falling stock
Global asset management company GQG Partners has invested more than Rs 15,000 crore in Adani Group last week. This put a brake on the fall in Adani Group’s shares and in five days the market cap of the group increased by Rs 2 lakh crore. GQG Partners has bought 3.4 per cent stake in Adani Enterprises, 4.1 per cent in Adani Ports, 2.5 per cent in Adani Transmission and 3.5 per cent in Adani Green Energy.
Source: www.tv9hindi.com
: Language Inputs