Adani Power again put under watch: BSE-NSE put Adani Power in the short-term ASM framework for the second time.

The Adani Group power company has been put under the short-term Additional Surveillance Measures (ASM) framework by stock exchanges BSE and NSE for the second time. According to the stock exchanges, from Thursday (March 23), Adani Power will be in the first stage of the short-term ASM framework.

Earlier, Adani Power was placed in the short-term ASM framework on March 8 along with Enterprises and Wilmar. Due to the continuous tremendous rally, NSE had put them in the ASM framework to keep an eye on all the three stocks. Then on March 17, NSE had removed 3 companies from the ASM framework.

Ahead of Adani Power, BSE-NSE on Monday (March 20) this week moved Adani Green Energy and NDTV from Stage II to Stage I of the Long Term ASM Framework. Earlier both these stocks were in the second stage of long term ASM framework.

Parameters for Shortlisting Shares under ASM Framework

The parameters for shortlisting stocks under the ASM framework include high-low variation, client concentration, number of price band hits, close to close price variation and PE-ratio.