Second Adani group stock moved to short-term additional surveillance by exchanges

MUMBAI – New Delhi Television (NDTV) is the second one from Adani Group to be moved to short-term additional surveillance by stock exchanges, with effect from Tuesday. Last week, Adani Enterprises was moved under short-term additional surveillance.

The move by the bourses comes after the recent rally in the stock price. Since May 22, the stock has gained nearly 28%. On Monday, it closed in the 5% upper circuit at Rs 238.50 on the National Stock Exchange.Stocks are moved into the short-term or long-term additional surveillance framework by exchanges in order to warn investors of unusual movement in share prices. The stock exchanges place trading restrictions to curb volatility and potential losses to retail investors.