Winning Bizness Desk

Mumbai. Shares of Adani Group rallied after falling for more than a month in this week and due to this, the stock exchanges had put some shares of the group in the short term additional surveillance mechanism framework. But now these shares have been taken out of this radar. This arrangement has become applicable from Friday. These companies includes Adani Group's three companies Adani Enterprises, Adani Power and Adani Wilmar. In view of the high volatility in the stocks, the exchanges put them in short term or long term additional surveillance framework. This is done to protect investors from speculative trading. These three stocks were put into the framework a week back.

Stocks can witness boom in coming days

Now after coming out of this framework, there can be a huge boom in these stocks. On Thursday, the stock of Adani Enterprises closed with a gain of 0.21 per cent. On the other hand, Adani Power declined by 1.68 per cent and Adani Wilmar by 1.35 per cent. Of the 10 listed scrips of Adani Group, six closed higher today while four declined.

These were put under surveillance on March 9

Adani Enterprises, Adani Wilmar and Adani Power were put under surveillance on March 9. Since then, Adani Enterprises has declined 6 per cent, Adani Wilmar 11 per cent and Adani Power 1.5 per cent. However, Adani Transmission, Adani Green Energy and Adani Total Gas will remain in the Long Term Additional Surveillance Framework. US-based short selling firm Hindenburg Research had issued a negative report on Adani Group on 24 January. After this, the shares of the group had declined for more than a month.