Significant increase in volume has been observed in Jindal Poly Films 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, has written to the company. The response from the company is awaited.
JINDALPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.8 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The NSE has flagged a significant rise in trading volume in Jindal Poly Films Limited shares. As part of its standard market surveillance process, the exchange has written to the company asking for any undisclosed information that may have driven the unusual activity. The company is yet to respond to the exchange's query. No specific reason for the volume surge has been disclosed so far.
This is a routine exchange surveillance notice and does not imply any wrongdoing. Shareholders should wait for the company's response to understand if there is any pending corporate development behind the price/volume move, which could be a trigger for the unusual activity.