Announced Tue, 16 Jun · 09:06 IST
Foxconn-AI data centre deal not by SEIL; clarification on price movement
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SCHNEIDER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹1216.20
prior close
₹1246.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.8-3.8-4.2-3.0+4.0+6.7+9.0+14.5+19.1+10.9+23.7+9.4——
Up moveDown movePending
AI summary
NSE/BSE sought clarification after a Moneycontrol article said SEIL hit a 10% upper circuit on news of parent Schneider Electric tying up with Foxconn for AI data centres. SEIL clarified the tie-up was NOT entered into by the listed Indian company but by another entity within the Schneider Electric Group. The company confirmed it has no undisclosed information or event requiring disclosure under Regulation 30 of SEBI LODR.
Likely market impact
Stock may correct as the Foxconn-AI deal catalyst is unrelated to the listed Indian entity; investors should not price in the parent group deal.