India's NSE lowers price band on two Adani firms

Illustration shows Electric power transmission pylon miniatures and Adani Green Energy logo
Electric power transmission pylon miniatures and Adani Green Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration

Feb 6 (Reuters) - Indian bourse National Stock Exchange of India (NSE) has revised the circuit limits of Adani Green Energy Ltd (ADNA.NS) and Adani Transmission Ltd (ADAI.NS) to 5%, according to data on its website on Monday.

The NSE had revised the price bands of both companies to 10% from 20% last week.

Stock exchanges set the circuit limits to prevent large movements in the price of stocks in a very short time.

Reporting by Anirudh Saligrama in Bengaluru; Editing by Krishna Chandra Eluri

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