Gautam Adani Green Energy Share Price Gautam Adani’s Adani Group company Adani Green Energy saw a jump in its shares. The reason behind this is that it comes under the first phase of long-term additional monitoring measures framework of NSE and BSE.
There is news of relief for Adani Group . Changes have been made in the process of monitoring group company Adani Green Energy by major exchanges. Adani Green Energy has been sentenced to the first phase of the long-term Additional Monitoring Measures (ASM) framework with effect from 10 April. The decision will be implemented from April 10, where additional monitoring of its shares will continue.
Adani Green Energy will remain in the framework, but will move to the relevant lower-tier ASM with effect from April 10, the exchange filing said.
Adani Green Energy was placed in the second phase
Earlier, Adani Green Energy was placed under Phase II of the Long-Term Additional Monitoring Measures Framework by both the exchanges with effect from March 28. On March 17, both the exchanges placed NDTV, along with Adani Green Energy, under the first phase of the long-term ASM framework.
Explain that the parameters for shortlisting securities under the ASM framework include high and low floor rate variance, clients’ holdings, price band numbers and price-earnings ratios.
Stock surge
Adani Green Energy shares surged in the stock market on the news of additional monitoring measures framework being moved from Phase II to Phase I. By the close of trading on Thursday, its shares were trading at 856.35 points, up five per cent. At the same time, it opened with 838.90 points at the beginning of the business.
Growth happening in Adani Ports
Apart from the rise in the shares of Adani Green Energy, there is also news of the growth of Adani Ports and Special Economic Zone Limited (APSEZ). The company registered a nine per cent growth in cargo handling at the ports, the highest ever port cargo volume.
