NSE seeks clarification on Flipkart stake sale news

SHADOWFAX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-6.5%Reaction day

₹222.00

prior close

₹210.17

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-5.5% vs market

Logistics Solution Provider peers, median of 44sector-1.2%-5.3% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 5.3 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-1.2

15m

-0.5

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.5-1.0-5.5-1.2-5.3

Next day

-7.7-0.4-7.4-0.7-7.0

-8.2-0.8-7.4-1.1-7.2

-3.2-1.9-1.3-1.9-1.3

+1.0-1.3+2.3-1.9+2.9

-1.0-1.0-0.1-2.1+1.1

-2.0-2.8+0.8-2.9+0.9

15d

+12.1+0.4+11.8-2.0+14.1

+13.4+2.4+11.0-2.5+15.9

+9.4+1.0+8.5-5.7+15.1

+32.6+1.8+30.8-5.3+37.9

UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 44Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE has asked Shadowfax Technologies to clarify a news report that Flipkart is likely to sell its stake worth around Rs 700 crore in the company. The company is yet to respond to the exchange's query. Investors should wait for the company's clarification to understand the actual situation, including which investor is selling and whether any deal is finalised.

Likely market impact

Potential supply of shares and uncertainty may pressure the stock. Await company's clarification before taking action.