Rashi Peripherals clarifies on sharp share price movement

The NSE wrote to Rashi Peripherals seeking a clarification on the significant movement in its share price. In its reply, the company said it has consistently followed SEBI listing and disclosure rules and disclosed all material information on time. It noted that the Board keeps evaluating potential acquisition and investment opportunities, which are disclosed as required. The company confirmed there is no unpublished price-sensitive information or material event behind the move, and called the price action purely market-driven.