The Exchange has sought clarification from Sammaan Capital Limited with respect to recent news item captioned Sammaan Capital shares hit 10% lower circuit as SC questions 'friendly approach' by CBI in probe against firm. The response from the Company is awaited.
SAMMAANCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.3 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
NSE has asked Sammaan Capital to clarify a recent news report stating that the Supreme Court questioned the 'friendly approach' taken by the CBI in a probe against the company. Following this news, the company's shares fell 10% and hit the lower circuit on the exchange. The company's official response to the exchange query is still awaited, which could clarify the nature and status of the CBI probe and any related developments. Investors are advised to wait for the company's clarification before drawing conclusions.
Short-term negative sentiment on the stock due to the 10% lower circuit hit and ongoing CBI probe scrutiny by the Supreme Court; clarity from the company's response will be key to determining further price action.