Significant increase in volume has been observed in R K Swamy Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. R K Swamy Limited has submitted their response.
RKSWAMY · price
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Awaiting price reaction for this filing.
The NSE noticed an unusual spike in trading volume of R K Swamy Limited shares and wrote to the company seeking clarification. The company responded that it has been complying with SEBI's listing and disclosure rules and has made all required disclosures on time. R K Swamy stated there is no undisclosed information or upcoming event that could explain the price or volume movement. The company attributed the volume increase entirely to market conditions and said it has no control over or knowledge of the reasons behind it. The clarification was signed by the Company Secretary & Compliance Officer, Aparna Bhat.
This is a routine surveillance query and a standard 'no undisclosed information' clarification. It may create short-term uncertainty among retail investors due to the unusual volume alert, but the company's response suggests there is no negative hidden news. Stock could remain volatile until trading normalises.