Shares of Adani Enterprises Ltd slumped over 5 percent in Thursday's trade after the National Stock Exchange (NSE) placed the company, along with Adani Power Ltd, and Adani Wilmar Ltd, under the framework of the short-term additional surveillance mechanism (ASM).
However, shares of Adani Power and Adani Wilmar were trading in the green zone. The circular stated that the order would take affect on Thursday, March 9.
Just one day earlier, the NSE had taken Adani Enterprises out of its watch list. For nearly a month, the Adani Group companies have been under close scrutiny.
The ASM framework is applied to stocks that have particularly high volatility. These actions are primarily intended to warn investors to exercise extreme caution and advise them to exercise due research when dealing in such stocks.
In February, NSE had placed Adani Enterprises, Adani Ports & Special Economic Zone Ltd, and Ambuja Cements under short-term additional surveillance measure framework.
The promoters of Adani Transmission and Adani Green Energy on March 6 pledged equity of 0.76 percent and 0.99 percent, respectively, in favour of SBICAP Trustee Company, a unit of State Bank of India (SBI).
The action was taken a day after the Adani Group revealed that it had paid off ₹7,374 crore in share-backed funding before its April 2025 maturity.
Adani Green Energy, Adani Total Gas, Adani Transmission, and Adani Power were up 5 percent each, while Adani Wilmar gained around 4 percent and Adani Ports & Special Economic Zone lost over 2 percent in Thursday's trade.
Last week, GQG Partners acquired 21 crore shares worth ₹15,446 crore in four Adani Group companies – Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Adani Green Energy Ltd, and Adani Transmission Ltd via a block deal.
Also Read: Five Adani stocks locked in 5% upper circuit limit as group prepays ₹7,347-crore loans.
