Significant increase in volume has been observed in RITES 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. RITES Limited has submitted their response.
RITES · price
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The NSE noticed a sharp rise in trading volume in RITES Limited shares. As a standard procedure, the exchange asked the company to clarify if there was any undisclosed information that could explain the unusual activity. RITES Limited has submitted its response to the exchange, which is now with the market. The company has not indicated any specific corporate action or material event as the trigger for the volume spike.
Investors should check RITES Limited's response filed with the exchanges for the actual reason behind the volume surge. Until then, no definitive positive or negative signal can be drawn for the stock price.