Significant increase in volume has been observed in Latent View Analytics 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. Latent View Analytics Limited has submitted their response.
LATENTVIEW · price
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NSE flagged a sharp rise in trading volume of Latent View Analytics shares and sought a clarification from the company. The company responded that it is fully compliant with SEBI listing and disclosure rules and has no undisclosed information or pending announcement that could explain the unusual price/volume movement. The company attributed the surge entirely to market conditions and market-driven factors. It assured the exchange of continued compliance with all disclosure requirements.
This is a routine exchange surveillance query and not an enforcement action. Short-term, the stock may face volatility or selling pressure as the unusual volume raises questions among retail investors. However, the company's clean response and absence of any hidden negative news should help stabilise sentiment over the medium term.