Promoter Seshagiri Rao Jasti releases pledge on 24 lakh shares of Keerthi Industries

Pledge releasedOwnership Changes View source PDF Explain this filing

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

+1.6%Reaction day

₹38.50

prior close

₹39.99

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.2% vs market

Cement & Cement Products peers, median of 34sector-0.4%+1.9% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.9 pts more than its Cement & Cement Products 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

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.4+1.2-0.4+1.9

Next day

+14.8+0.5+14.3-0.7+15.5

+3.9+0.6+3.3-1.4+5.3

+9.1+0.7+8.3-2.4+11.5

+3.9+1.1+2.8-2.7+6.6

-1.0+0.5-1.5-3.1+2.1

+3.9+1.3+2.6-2.2+6.1

15d

+7.5+0.5+7.0-5.1+12.6

+9.1-0.8+9.9-8.3+17.4

+14.0-0.9+15.0-13.6+27.6

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UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

Promoter and Managing Director Seshagiri Rao Jasti released pledge on 24,05,021 equity shares (about 30 percent of total capital) previously pledged with Axis Bank. Post-release, the promoter holds 30,81,559 shares (38.44 percent) with zero encumbered shares. The shares were originally pledged as collateral for a credit facility from the bank.

Likely market impact

Positive signal - promoter now has zero pledged shares, indicating reduced financial stress or successful loan repayment with Axis Bank.