MSP Steel & Power Limited has informed the Exchange regarding 'Open Market Purchase Of Shares By Promoter Entity'.

Promoter Stake BuyOwnership Changes View source PDF Explain this filing

MSPL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.1%Reaction day

₹33.90

prior close

₹34.29

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+1.8% vs market

Iron & Steel Products peers, median of 94sector+1.1%+2.1% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.1 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.6

15m

+0.7

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1+1.3+1.8+1.1+2.1

Next day

+7.8+0.9+7.0+0.7+7.1

+8.8+0.8+8.0+0.6+8.2

+7.7+0.6+7.1+0.3+7.4

+10.3-0.0+10.3-0.3+10.6

+10.3-0.5+10.7-0.6+10.9

+7.7-2.1+9.8-2.3+10.0

15d

+7.6-3.5+11.1-2.8+10.4

+5.5-2.3+7.8-0.9+6.4

-14.7-10.4-4.4-10.3-4.4

-5.9-6.1+0.2-5.2-0.7

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

MSP Steel & Power Limited has informed the NSE that a promoter entity has purchased shares of the company through the open market. This is a disclosure under insider trading/securities acquisition regulations, requiring promoters to report any share purchases. The exact number of shares acquired and the price details were not provided in the headline. Open market purchases by promoters are typically viewed as a sign of confidence in the company's prospects.

Likely market impact

This is generally seen as a positive signal for shareholders, as promoter buying suggests insider confidence in the company's future performance. It may provide short-term support to the stock price.