Significant increase in volume has been observed in Indo Amines 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. Indo Amines Limited has submitted their response.
INDOAMIN · price
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The National Stock Exchange wrote to Indo Amines Limited seeking clarification on a significant increase in trading volume of the company's shares. In response, the company stated that it follows SEBI (LODR) Regulations, 2015 and discloses all material events on a timely basis. The company confirmed that to the best of its knowledge, there is no unpublished price sensitive information that remains undisclosed. The management attributed the volume increase to investor interest based on the company's performance and prospects, stating it is purely market-driven. The company and management denied any role in the volume surge.
Reassuring for investors as the company has confirmed no undisclosed material information exists. The volume spike appears to be genuine market interest rather than information asymmetry.