Adani Green, Gujarat Ambuja Exports fall after being placed under ASM

Adani Green Energy (Rs 70.60), Gujarat Ambuja Exports (Rs 208) and Morepen Lab (Rs 33.60) were locked in the lower circuit of 5% on the BSE.

Shares of Adani Green Energy, VIP Industries, Gujarat Ambuja Exports and Morepen Laboratories have fallen by up to 5% on the BSE after these stocks were placed under additional surveillance measures (ASM) by the market regulator Securities and Exchange Board of India (SEBI) with effect from today.

The 5% price band shall be applicable w.e.f. August 07, 2018. and 100% margins shall be applicable w.e.f. August 13, 2018 on all open positions as on August 10, 2018 and new positions created from August 13, 2018 onwards, the BSE said in notice dated August 6, 2018.

Adani Green Energy