Rishabh Instruments clarifies on promoter stake sale rumours, no material info to disclose

Strategic Transactions View source PDF Explain this filing

RISHABH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹685.85

prior close

₹672.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-3.3% vs market

Other Electrical Equipment peers, median of 54sector-0.5%-2.5% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.5 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.7

15m

-1.1

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.0+0.3-3.3-0.5-2.5

Next day

+1.9+0.5+1.4-0.7+2.7

+0.4+0.1+0.3-1.0+1.4

+0.3+0.7-0.4-1.5+1.8

+0.5+0.4+0.1-1.9+2.4

+0.8+0.7+0.1-1.8+2.6

+1.0+0.1+1.0-2.8+3.9

15d

+20.3+1.5+18.8-2.7+23.0

+9.1+0.3+8.8-4.5+13.6

+2.4-6.2+8.6-11.3+13.7

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 54Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Company responded to a CNBC-TV18 news report about promoters being in talks to sell a controlling interest of about 70 percent stake, with suitors including a German entity and seeking a valuation of over Rs 3,000 crore. Company stated that at this stage, there is no material event or information requiring disclosure under SEBI LODR Regulation 30.

Likely market impact

Major stake sale rumour at high valuation remains unconfirmed. Stock may stay volatile till promoters or suitors make an official announcement.