Announcement under Reg 30 - Reply to clarification sought from Monarch Surveyors and Engineering Consultants Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE requested the company to explain significant movement in its stock price. The company responded that all material information has been properly disclosed under SEBI regulations, and there is no unpublished price-sensitive information driving the price movement. Management attributes the volatility to market speculation and conditions outside their control. The company confirmed that promoters and key management personnel have not traded in company securities recently. This is a standard regulatory response following a BSE query about unusual price action.
The response is reassuring for investors as it rules out undisclosed material events or insider trading as the cause of price movement. However, the stock volatility appears to be speculative market-driven activity with no clear fundamental trigger.