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Under ASM, VIP Ind, Adani Green slide up to 5%

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VIP Industries, Morepan Laboratories, Gujarat Ambuja Exports and Adani Green Energy slipped up to 5 per cent early Tuesday after they came under the additional surveillance framework.

In contrast, Lloyds Steel Industries, National Peroxide and Prakash Industries advanced up to 6 per cent on exiting the ASM framework from Tuesday. There are 127 stocks under the ASM mechanism, a BSE circular said.

VIP Industries was 2.04 per cent down at Rs 513.95 at around 9.30 am.

Adani Green came off 4.98 per cent to Rs 70.60 at around the same time.

According to the BSE, shortlisting of securities under ASM is purely on account of market surveillance and it should not be construed as an adverse action against the company concerned. The BSE Sensex was up 13 points, or 0.03 per cent, at 37,704.80.

Vedanta, Asian Paints, Coal India and Tata Steel were among the top gainers in the 30-share index while Adani Ports, Bharti Airtel, ICICI Bank and Power Grid slipped 0.50-3 per cent in early session.




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