NSE seeks clarification on Jana SFB Federal Bank merger news

JSFB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹582.30

prior close

₹567.20

announcement price

In-mkt

timing

Nifty Microcap 250market-0.4%-2.0% vs market

Other Bank peers, median of 8sector-0.2%-2.2% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.2 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.2

15m

+0.5

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-0.4-2.0-0.2-2.2

Next day

-5.9+0.2-6.1+0.7-6.6

-6.3-0.1-6.2-0.9-5.5

-6.8+0.2-7.0-1.5-5.2

-7.6+0.5-8.1-1.2-6.4

-9.2-0.4-8.8-3.3-6.0

-8.6-0.4-8.2-3.0-5.7

15d

-13.1-2.5-10.6-7.5-5.6

-8.5+0.3-8.7-6.4-2.1

-34.7-9.4-25.3-18.1-16.6

—————

UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE has asked Jana Small Finance Bank to clarify a news report about a possible merger with Federal Bank. The news had pushed Jana SFB and Federal Bank shares down up to 4 percent. The company's official response is still awaited and will be shared once received.

Likely market impact

Awaiting company clarification on merger buzz. Shares already corrected up to 4 percent; further movement depends on the company's response.