Leading bourses BSE and NSE will put the securities of NDTV, an Adani Group company, under the short-term ASM framework from Tuesday.
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.
New Delhi Television Ltd (NDTV) is shortlisted in the short-term additional surveillance measure (ASM) framework Stage-I effective from May 30, the National Stock Exchange (NSE) and BSE said in two separate circulars on Monday.
The move came after both bourses had put the flagship firm of the conglomerate Adani Enterprises under the short-term ASM framework on May 25. Last week, BSE and NSE removed NDTV from the long-term ASM framework.
On Monday, NDTV stock jumped 5 per cent on BSE and NSE.
US short-seller Hindenburg Research in its January 24 report levelled allegations of fraud and stock manipulation against the Adani group. However, a Supreme Court-appointed panel found no evidence of stock price manipulation in the group companies.
Zee Media
Zee Media Corporation Ltd on Monday said its net loss narrowed to Rs 45.79 crore for the fourth quarter ended March 2023.
The company had posted a net loss of Rs 51.45 crore in the January-March quarter of the preceding fiscal, Zee Media Corporation Ltd (ZMCL) said in a BSE filing.
Its total revenue from operations fell 40.38 per cent to Rs 147.69 crore in the quarter under review from Rs 247.73 crore in the corresponding quarter of the previous fiscal.
ZMCL’s total expenses slipped 18.91 per cent in Q4 FY23 to Rs 178.33 crore against Rs 219.94 crore a year ago.
