Response to BSE query on recent share price movement
Price
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Harikanta Overseas has replied to a BSE query seeking clarification on a significant rise in its share price. The company stated that all material, price-sensitive information has already been disclosed under SEBI Listing Regulations. It said the price movement is purely market-driven due to current uncertain market conditions, with no company-specific trigger. The management added it has no control over the price action and reaffirmed its commitment to keep the exchange informed of any future material events.
No new fundamental information disclosed. Price rise attributed to general market activity, which may reassure investors that there is no hidden negative news.