Significant increase in volume has been observed in C.E. Info Systems Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. C.E. Info Systems Limited has submitted their response.
MAPMYINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE flagged a significant increase in trading volume of C.E. Info Systems (MapMyIndia) shares and wrote to the company seeking clarification. The company responded that the volume rise is purely driven by market forces and not within its control. It also stated that it has been complying with all SEBI Listing Regulations and will continue to promptly disclose any price-sensitive information. No undisclosed corporate event was cited as a reason for the trading activity.
This is a routine surveillance clarification and not a negative signal. Shareholders can interpret it as the company confirming there is no hidden news driving the price or volume action, which may ease short-term speculation concerns.