Significant increase in volume has been observed in Reliance Infrastructure 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. Reliance Infrastructure Limited has submitted their response.
RELINFRA · price
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The NSE wrote to Reliance Infrastructure after observing a significant increase in trading volume in the stock. The company has responded stating that it is fully compliant with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, and has been promptly informing the stock exchanges of all material events and information. The company also said it cannot comment on the trading volume of its securities on the exchanges and will continue to make appropriate disclosures as and when any disclosable event occurs.
This is a routine exchange surveillance query, not an adverse action. The company's response suggests there is no undisclosed material information driving the volume, which is neutral for shareholders but the stock may remain volatile until trading normalises.