The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation, and price-earning ratio. The NSE and BSE said Adani Power has satisfied the criteria for inclusion under short-term ASM.
Currently, there is no Adani group stock in the short-term ASM framework.
Source:- Energy News
Under the short-term ASM, the exchanges said, Applicable rate of margin shall be 50 percent or existing margin whichever is higher, subject to a maximum rate of margin capped at 100 percent, w.e.f. March 24, 2023, on all open positions as on March 23, 2023, and new positions created from March 24, 2023.
Source: The Indian Express
Meanwhile, stocks of eight Adani group companies out of the 10 listed entities closed in the green territory on Wednesday.
After taking a beating on the bourses, following the report by US-based short seller Hindenburg Research, the group stocks had recovered. However, amid sluggish broader market trends, the group’s stocks have declined in the last few trading sessions. The report had made a litany of allegations, including fraudulent transactions and share-price manipulation, against it.
The group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
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