BSE makes a big decision on Adani Group’s stocks
SUMMARY
BSE has made an important decision regarding three Adani Group companies, Adani Power, Adani Green, and Adani Transmission, due to the stability in the group’s stocks. The BSE had reduced the circuit limit to 10% for Adani Green and Adani Transmission on January 31, 2022, after the Hindenburg report caused a sharp decline in Adani Group companies. The BSE has now increased the circuit filter for Adani Power to 20% and for Adani Transmission and Adani Green to 10%.
DETAILS
The Adani Group’s stocks had been experiencing a lot of ups and downs, with lower circuit limits for several days. However, the market’s recovery brought several days of upper circuit limits for Adani Group stocks. To control the volatility in the stock market, BSE reduced the circuit filter limit. This helped control the fluctuations in the stock market to some extent.
Now, BSE has increased the circuit filter limit for Adani Power to 20% and for Adani Transmission and Adani Green to 10%. This move will help bring stability to the Adani Group’s companies. The decision means that Adani Power, Adani Green, and Adani Transmission can now be traded within the new circuit filter limit.
The Adani Group’s stocks had been experiencing a lot of volatility, and the recent decision by the BSE is expected to bring stability to the market. The Adani Group is one of India’s largest conglomerates, with interests in power, infrastructure, ports, and logistics, among other sectors. The group has been in the news for a while due to various controversies, but the recent decision by the BSE is expected to help the group’s companies stabilize in the stock market.
In conclusion, the BSE’s decision to increase the circuit filter limit for Adani Power, Adani Green, and Adani Transmission is expected to bring stability to the Adani Group’s stocks. This move will help control the volatility in the stock market and bring more confidence to investors.
Follow DelhiBreakings on Google News
Superfast News Coverage by DelhiBreakings.com team.
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com
