Adani Enterprises Ltd.

The National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) have removed 3 Adani group companies -- Adani Enterprises, Adani Power and Adani Wilmar -- from short-term surveillance. The stocks will be excluded from the short-term additional surveillance measure (ASM) framework with effect from March 17.

The NSE and the BSE had put the three Adani group firms, including the flagship firm Adani Enterprises, under the ASM framework on March 8. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.