The Exchange has sought clarification from Dreamfolks Services Limited with respect to recent news item captioned Dreamfolks Services share price crashes 4% after THIS reported move by ICICI Bank, Axis Bank, Mastercard. The response from the Company is attached.
DREAMFOLKS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.0 pts less than its Transport Infrastructure 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.
Dreamfolks Services has responded to an NSE/BSE clarification request regarding a June 19, 2025 media report (Livemint) that claimed ICICI Bank, Axis Bank, and Mastercard were shifting away from the company, causing a 4% share price drop. The company categorically denied the news item. It stated that contract negotiations are a routine annual process with no connection to the alleged reports, and that relationships with all partners remain strong and intact. The company works with over 50 clients and follows a standard practice of entering 5-year MSAs with annual price escalations since inception. It clarified there is no material impact on the company and no regulatory or legal proceedings are involved.
The stock had already dropped 4% on the rumor. The company's denial and reassurance of strong client relationships may help stabilize sentiment, but investors should watch for any future confirmations or contradictions from the named banks.