The Exchange has sought clarification from Torrent Power Limited with respect to recent news item captioned Torrent Power bets ₹1 lakh crore on energy, builds new B2C platforms: Jinal Mehta, vice-chairman and MD. The response from the Company is attached.
TORNTPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts more than Nifty Midcap 150 and 2.5 pts more than its Power 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.
BSE and NSE asked Torrent Power to clarify a news article where Vice-Chairman and MD Jinal Mehta spoke about the company betting ₹1 lakh crore on energy and building new B2C platforms. The company confirmed that all material investment plans and information have already been disclosed to the stock exchanges as required under SEBI Listing Regulations. Torrent Power stated there is no undisclosed information that could impact share price or trading volume. Management added that the recent movement in the stock price is purely market-driven and not influenced by any company action.
This is a routine exchange clarification, not a negative development. Shareholders can take it as confirmation that no hidden catalysts exist and that the ₹1 lakh crore investment narrative is already in the public domain, which may actually support the stock's current valuation.