Significant movement in price has been observed in Reliable Data Services 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. Reliable Data Services Limited has submitted their response.
RELIABLE · price
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Awaiting price reaction for this filing.
Reliable Data Services' shares saw an unusual movement in price, prompting the NSE to seek clarification from the company. In its response, the company stated that it has made all required disclosures on time under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30) and is not withholding any material information that could affect the share price. The company attributed the price movement entirely to market dynamics and confirmed there is no undisclosed information with a bearing on the stock's price or volume. The response was addressed to both BSE and NSE.
This is a routine regulatory clarification rather than a negative development. The company's denial of any hidden information may temporarily reassure investors, but the underlying price volatility remains unexplained and could attract further scrutiny if repeated.