Significant movement in price has been observed in Lorenzini Apparels 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. Lorenzini Apparels Limited has submitted their response.
LAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE and NSE wrote to Lorenzini Apparels on May 19, 2025, flagging significant price movement in the stock and asking if the company had any undisclosed information that could explain it. In its response dated May 21, 2025, the company stated that it has been regularly disclosing all material information as required under SEBI Listing Regulations and has not withheld any information. The company said the price movement is purely market-driven and the management has no control over or knowledge of the reasons behind it. The clarification was signed by Sandeep Jain, Managing Director and CFO.
This is a routine exchange query with a standard denial of any undisclosed information. Investors should be cautious as the exchange itself flagged unusual price activity, and the company's response provides no specific reason for the movement, leaving the cause unclear.