The Exchange has sought clarification from Aurobindo Pharma Limited with respect to recent news item captioned Aurobindo Pharma's P Sarath Chandra Reddy acquitted in Delhi Liquor Scam case.. The response from the Company is awaited.
AUROPHARMA · 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 more than Nifty Midcap 150 and 1.1 pts more than its Pharmaceuticals 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.
The NSE has asked Aurobindo Pharma to clarify a recent news report stating that P Sarath Chandra Reddy (a Director/Promoter) has been acquitted in the Delhi Liquor Scam case. The company has not yet responded, and its reply is awaited. The underlying news item is about a court acquittal, not a conviction or fresh charge. The exchange's query appears to be a routine confirmation step after a media report involving a key company person.
Neutral to mildly positive — acquittal removes a legal overhang around a key person associated with the company, but the stock may see only limited reaction until the company issues its formal response to the exchange.