Announced Mon, 15 Sept · 18:41 IST
The Exchange has sought clarification from Mirza International Limited with respect to recent news item captioned Redtape shares in focus amid reported ongoing income tax investigation. The response from the Company is awaited.
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MIRZAINT · price
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Price reaction · full curve 14 horizons · vs prior close
+28.4%1-day move
₹32.90
prior close
₹32.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+0.9+0.7+0.8+28.4+27.6+29.7+25.6+22.2+14.6+14.0+16.9+21.7+23.3
Up moveDown movePending
AI summary
NSE has asked Mirza International Limited to clarify a recent news article about an ongoing income tax investigation related to its Redtape brand. The company has not yet responded to the exchange's query. The news had reportedly put Redtape shares in focus. Investors are awaiting an official statement from the company on the matter.
Likely market impact
Short-term stock volatility is possible until the company clarifies the situation. The actual impact on the business will depend on the nature and outcome of the reported tax investigation, which is currently unclear.