Amid clarification by the media company, the shares of New Delhi Television Limited (NDTV) hit an upper circuit of 10 per cent for the second straight day to Rs 87.60 on the BSE on Tuesday. This comes amid the rumours of a buyout by Adani Group.

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The stock today also touched a new 52-week high level, crossing its earlier high of Rs 85.85 per share it hit on May 25, 2021. Moreover, it has surged almost 21 per cent in the last two days as against a 0.61 per cent decline in the S&P BSE Sensex. 

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www.economictimes.com” dated September 20, 2021 captioned “NDTV hits 10% upper circuit on rumours of buyout by Adani Group”.

NDTV is in the business of television media and operates channels NDTV 24x7 (English), NDTV India (Hindi) and NDTV Profit-NDTV Prime (business and infotainment). The company's segments include television media and related operations, and retail/e-commerce.