Significant increase in volume has been observed in Lemon Tree Hotels 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. Lemon Tree Hotels Limited has submitted their response.
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lemon Tree Hotels informed the NSE that the recent sharp rise in trading volume of its stock is purely market-driven and not driven by any undisclosed material information. The company confirmed it has been regularly complying with SEBI's listing and disclosure rules and has promptly shared all price-sensitive events with the exchanges. It stated it has no control over the price/volume movement and is not aware of any pending undisclosed event. The clarification was issued after the exchange sought an explanation for the unusual trading activity, a standard surveillance step.
Neutral to slightly positive — the company's clean response and denial of any undisclosed information may reassure investors, but the stock had already seen unusual trading that warrants watching for further developments.