Promoter entity buys equity shares via open market

Promoter Stake BuyOwnership Changes View source PDF Explain this filing

MSPL · price

Loading chart…

▲ 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

+4.4%Reaction day

₹42.47

prior close

₹42.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+3.6% vs market

Iron & Steel Products peers, median of 95sector-0.5%+4.8% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 4.8 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

+0.9

10m

+1.3

15m

+0.8

30m

+4.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.4+0.8+3.6-0.5+4.8

Next day

+5.0+1.7+3.4+0.3+4.7

+1.5+0.9+0.5-0.6+2.1

-0.4+0.8-1.3-1.1+0.7

-1.5+0.2-1.7-1.7+0.2

-3.0-0.1-3.0-2.0-1.0

+0.5+1.1-0.6-2.1+2.7

15d

-6.3+2.5-8.8-2.0-4.3

-14.2+1.2-15.4-2.7-11.4

-18.9+4.9-23.8-4.0-14.8

-21.9+5.8-27.7-0.9-21.0

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 95Pending

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

AI summary

MSP Steel & Power Limited has submitted a disclosure under SEBI Insider Trading Regulations regarding an open market purchase of equity shares by a promoter entity. The filing was made under Regulation 7(2) read with Regulation 6(2). The promoter group is increasing its stake in the company through market purchases.

Likely market impact

Promoter buying is generally seen as a positive signal, indicating confidence in the company's prospects by insiders.