The upper circuit limit of shares of Adani Group’s four companies Adani Green Energy, Adani Power, Adani Transmission and Adani Wilmar has been increased. NSE has also issued a circular regarding this.
The price band of four Adani Group companies has been increased by the stock market regulator National Stock Exchange (NSE). This change made in the price band by the exchange will be applicable from Wednesday.
In the circular issued by NSE, it was said that we will ensure that the price of any stock does not go above or below the limit fixed in a day.
In which companies of Adani Group, the circuit limit has been increased?
ASE has increased the circuit limit in Adani Power from 5 percent to 20 percent. Apart from this, the circuit limit has been increased from 5 percent to 10 percent in Adani Wilmar, Adani Green Energy and Adani Transmission.
Along with Adani group companies, the circuit limit of share price bands of a total of 172 companies has been increased by the exchange.
Circuit limit was reduced in Adani Group’s shares in January
This January, the circuit limits on Adani Transmission, Adani Green Energy and Adani Total Gas were reduced by NSE and BSE to reduce price movements.
The reason behind reducing the circuit limit in January was the release of a report on Adani Group by US-based short seller firm Hindenburg, due to which all the shares of the group were sold.
Let us tell you, a report was brought out on behalf of Hindenburg on Adani Group, in which it was said that there is a disturbance in the accounts of Adani Group. However, this report was rejected by Adani Group and said that this report has been taken out to harm the group.
Stock market: Brokerage’s favorite 5 stocks to buy, will earn big, know the target
