NDTV can hit Rs 450-level; Sun TV, DB Corp on slippery ground, charts show

NDTV hits 5 per cent upper circuit as Adani Group gets SEBI nod to buy additional 26 per cent stake; the media stock can rally to Rs 450, chart suggests.

Shares of NDTV were locked at the 5 per cent upper circuit on Tuesday after SEBI approved Adani Group's proposal to acquire additional 26 per cent stake in the media company. Last week, the Group had revised the open offer timeline, setting the date as November 22 to December 5, because of the delay in getting Sebi nod. . 

The open offer price stands at Rs 294 per share, with approximately 1.67 equity shares to be purchased with in the subscription period. READ MORE

Adani Group is a conglomerate with presence in airports, roads, water management, data centers,