ED searches at R M Drip office and promoter's residence

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

RMDRIP · 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

-7.0%Reaction day

₹21.14

prior close

₹19.67

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%-5.3% vs market

Plastic Products - Industrial peers, median of 41sector-0.5%-6.5% vs sector

On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 6.5 pts less than its Plastic Products - Industrial 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

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.0-1.7-5.3-0.5-6.5

Next day

-11.6-4.2-7.4-2.5-9.0

-16.0-5.2-10.8-3.4-12.6

-12.3-7.4-4.8-5.4-6.9

-16.9-7.0-9.9-6.3-10.6

-21.1-5.5-15.6-4.1-17.0

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15d

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 41Pending

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

AI summary

Enforcement Directorate conducted searches at the company's registered office in Nashik and at the promoter's residential premises from 16 Oct 7:15 AM to 17 Oct 2:35 AM. The company states there is no material impact on finances, operations or other activities at present. Details of any alleged violations have not yet been communicated by the authority.

Likely market impact

Negative signal due to ED action, though company claims no material impact. May pressure the stock in the short term until clarity emerges.