Clarification sought on Apollo Micro Systems buyout news item
PREMEXPLN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.9 pts more than its Chemicals & Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NSE has asked Premier Explosives to clarify a recent news item stating that Apollo Micro Systems is close to buying Premier Explosives. The company has not yet responded. The news may impact the stock price while investors await confirmation on the potential acquisition deal.
Stock may stay volatile until the company confirms or denies the acquisition news. Shareholders should wait for the official clarification before acting.