Significant movement in price has been observed in Manomay Tex India 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. Manomay Tex India Limited has submitted their response.
MANOMAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 6.9 pts more than its Other Textile Products 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.
NSE and BSE flagged unusual price movement in Manomay Tex India Limited's stock and wrote to the company for clarification. The company, through its Managing Director Yogesh Laddha, has submitted that there is no undisclosed material information or impending announcement that could explain the price movement. The company attributes the price volatility to general market forces and denies any corporate development that would impact the stock. The response confirms the company has been compliant with SEBI LODR Regulation 30 disclosure requirements and will continue to adhere to these norms.
For investors, this filing provides assurance that the recent price movement is not backed by any hidden corporate development. While this is a routine regulatory response, unexplained price volatility always carries higher risk and warrants caution until clarity emerges.