Significant increase in volume has been observed in Hind Rectifiers 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. Hind Rectifiers Limited has submitted their response.
HIRECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The National Stock Exchange and BSE wrote to Hind Rectifiers Limited seeking clarification about a significant increase in trading volume of the company's shares. The company has responded stating there is no pending price-sensitive information or announcement that could explain the unusual volume and price movement. The company attributes the market activity to purely market-driven factors. The CFO has signed the response confirming the company will continue to comply with disclosure requirements under applicable regulations.
The company's response appears reassuring as it denies any undisclosed material information that could explain the volume surge. However, the unusual trading activity remains unexplained, which may keep some uncertainty in the stock.