As per Attachment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.5 pts less than its Other Construction Materials 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.
Glittek Granites Ltd has informed the stock exchange that its Promoters and Persons Acting in Concert (PAC) intend to sell 5,00,000 equity shares (5 lakh shares) through the stock exchange mechanism. This sale represents 1.92% of the company's paid-up equity capital. The disclosure is made under SEBI Listing Obligations and Disclosure Requirements Regulations, SEBI Takeover Regulations 2011, and Insider Trading Regulations 2015.
This is a promoter group sell-off of nearly 2% stake, which is generally viewed negatively by retail investors as it signals reduced promoter confidence. However, since the sale is being routed through the open market, impact on stock price will depend on demand absorption.