Clarification on Price Movement.
Price
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The BSE had asked IB Infotech Enterprises to explain an unusual movement in its share price on June 16, 2025. In its response dated June 17, 2025, the company stated that it has already disclosed all material information required under SEBI's Listing Regulations. It said the share price movement is purely due to market conditions and is market-driven. The company also clarified that it has no control over the price movement and no knowledge of the specific reasons behind it. No new corporate event, financial update, or material development was announced as part of this clarification.
This is essentially a 'no news' clarification, meaning there is no fundamental trigger behind the price movement. Shareholders should note that such exchange queries often flag unusual trading activity, and the lack of any disclosed reason could mean the stock remains susceptible to volatility without supporting fundamentals.