Promoter group entities buy shares of MSP Steel in 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

+1.1%Reaction day

₹37.38

prior close

₹37.27

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+1.7% vs market

Iron & Steel Products peers, median of 93sector-0.4%+1.5% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.5 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

-0.3

10m

+0.1

15m

-0.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-0.5+1.7-0.4+1.5

Next day

-2.3-1.7-0.7-0.8-1.5

-6.5-4.0-2.5-2.6-3.9

-5.3-2.1-3.2-2.3-3.0

-4.0-2.7-1.3-2.5-1.4

-2.5-2.3-0.2-2.3-0.2

-1.0-1.5+0.5-0.6-0.5

15d

-4.3-1.8-2.5-1.9-2.4

-2.1+0.1-2.2-0.7-1.4

-15.4-3.3-12.0-4.6-10.7

-15.7-11.2-4.5-10.9-4.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 93Pending

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

AI summary

Two promoter group entities of MSP Steel & Power bought equity shares in the open market. Jaik Leasing & Commercial Investment bought 5,35,800 shares for about Rs. 2.01 crore on 28 Nov, raising its stake from 5.82% to 5.92%. Shree Vinay Finvest bought 12,57,600 shares for about Rs. 4.70 crore on 1-2 Dec, raising its stake from 1.69% to 1.91%. Total promoter group buying: about Rs. 6.71 crore.

Likely market impact

Promoter group buying signals confidence in the company. Combined purchase of about 6.71 crore rupees shows continued insider support.