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NDTV freezes at 10% upper circuit for 2nd straight day; hits 52-week high

NDTV has denied rumors of Adani Group picking stake in the company

NDTV logo. Photo: Wikimedia Commons
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NDTV logo. Photo: Wikimedia Commons

SI Reporter Mumbai
Shares of New Delhi Television Limited (NDTV) were locked in the 10 per cent upper circuit band for the second straight day, at Rs 87.60 on the BSE on Tuesday, amid rumours of buyout by Adani Group.

The stock is trading at its 52-week high level, surpassing its previous high of Rs 85.85 touched on May 25, 2021. In the past two trading days, it has rallied 21 per cent, as compared to a 0.61 per cent decline in the S&P BSE Sensex. Till 10:02 am, around 444,000 equity shares had changed hands and there were pending buy orders