For Adani Green Energy, Adani Transmission, and Adani Wilmar, the circuit limits have been revised to 10% from 5%. The biggest boost is for Adani Power as the circuit limit has been increased to 20% from 5%.
On Tuesday, shares of Adani Wilmar and Adani Transmission ended 1% down at Rs 429.65 and Rs 816.25, respectively. Shares of Adani Green Energy closed 0.4% higher at Rs 991.85 and that of Adani Power ended 1.4% higher at Rs 263.
Exchanges periodically review circuit limits tracking the movement and volatility in stocks. The changes in circuit limits is part of this review. The change in circuit limits will come into effect from Wednesday.
Adani stocks have seen some stability after sharp swings in the recent months triggered by the negative report of Hindenburg Research against the group in late January.
From the 52-week lows tested in early February, most of the company stocks have rebounded sharpy and gained between 25-80%. Adani Enterprises even turned a multibagger last month.
Although the exchange has revised circuit limits, it will continue to monitor the movement in stocks and they remain subject to changes.