Andhra Paper clarifies volume spike as market-driven

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ANDHRAPAP · 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

+0.6%Reaction day

₹71.58

prior close

₹72.76

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.4% vs market

Paper & Paper Products peers, median of 38sector-0.6%+1.2% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.2 pts more than its Paper & Paper Products 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

+0.5

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.2+0.4-0.6+1.2

Next day

-0.3+0.9-1.2+0.8-1.1

-4.3-0.8-3.5+0.0-4.3

-4.1-0.1-4.0+0.5-4.6

-3.5-1.7-1.7-0.1-3.4

-10.7-4.3-6.4-2.5-8.2

-11.6-7.5-4.2-5.9-5.7

15d

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 38Pending

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

AI summary

Andhra Paper Limited responded to BSE's query on a recent spike in share trading volume. The company stated that all required information is already in the public domain and there is no pending price-sensitive disclosure under SEBI Listing Regulations. It attributed the volume increase to purely market-driven activity and reaffirmed its commitment to ongoing disclosures under Regulation 30.

Likely market impact

No undisclosed material information. Volume rise blamed on normal market activity. No fundamental impact signalled for investors.