NSE and BSE put NDTV in the Short Term Additional Surveillance Major Framework
Due to this the shares came under surveillance
NDTV shares are witnessing a bumper rally since last few days. NDTV shares have gained nearly 30 per cent in the last one week. Today i.e. on Tuesday too, NDTV’s stock has hit upper circuit with a jump of 5 per cent. Due to this rise in the stock, BSE has also sought an answer from the company on the price movement. Explain that 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.
took control last year
The Adani group had gained control of the company in December last year by acquiring a majority stake in news channel NDTV founders Prannoy Roy and Radhika Roy. According to the report, recently NDTV had told that it is planning to start 9 news channels in different languages in a phased manner.
Adani shares fall
Shares of most of the companies of Adani Group have seen a decline in the stock market today. Today, shares of Adani’s flagship company Adani Enterprises, Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas, Adani Transmission and Adani Wilmar were trading on the red mark. Only shares of ACC, Ambuja Cement and NDTV closed in the green.