MSP Steel & Power Limited has informed the Exchange regarding 'Open Market Purchase of Equity Shares by Promoter Entities'.
MSPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.9 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Three promoter group entities of MSP Steel & Power bought shares from the open market between March 10 and March 12, 2026. Shree Vinay Finvest Pvt Ltd bought 9,03,000 shares (Rs. 2.87 crore), raising its holding from 2.81% to 2.97%. Jagran Vyapaar Pvt Ltd bought 11,40,000 shares (Rs. 3.67 crore) across two days, with its holding now at 8.62%. Ilex Private Limited bought 2,00,300 shares (Rs. 63.4 lakh), taking its stake from 2.35% to 2.38%. In total, promoter group entities purchased about 22.43 lakh shares worth roughly Rs. 7.17 crore over three trading sessions.
This is a positive signal for retail investors as promoter group entities are increasing their stake, indicating insider confidence in the company. Such open-market buying by promoters typically reflects a bullish view on future prospects and can support the stock price.