Promoter group firms buy MSP Steel shares worth about Rs 6.7 crore

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

+1.1%Reaction day

₹37.38

prior close

₹37.20

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

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10m

+0.1

15m

+0.1

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 bought MSP Steel & Power shares on the open market. Jaik Leasing bought 5,35,800 shares for about Rs 2.01 crore on Nov 28, raising its holding to 5.92 percent. Shree Vinay Finvest bought 12,57,600 shares for about Rs 4.70 crore on Dec 1 and 2, raising its holding to 1.91 percent. Both deals executed on NSE. Filing made under SEBI insider trading rules.

Likely market impact

Promoter buying signals confidence in the company; generally viewed as a positive sign by retail investors.