NSE removes Adani Enterprises from short-term additional surveillance

Adani Enterprises will be moved out of the short-term additional surveillance measure (ASM) framework of the National Stock Exchange (NSE) after one month of being under it along with two other Adani Group stocks following a massive sell-off in stocks, the Economic Times reported.

In times of high volatility in stocks, exchanges move stocks to short-term or long-term additional surveillance frameworks in order to safeguard investors from short-selling or speculative trades.

Established in 2018, the ASM framework was put in place to protect retail investors from the unusual movement of stocks and shield them from volatility. Companies may be placed under the ASM list for a variety of reasons like unusual price movement, volume variation, etc.