The Exchange has sought clarification from Shree Digvijay Cement Co.Ltd with respect to recent news item captioned Adani Group Eyes Shree Digvijay Cement's Plant and Port Assets. The response from the Company is attached.
SHREDIGCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 5.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The NSE asked Shree Digvijay Cement to clarify a news report suggesting the Adani Group was eyeing the company's plant and port assets. In its response, the company stated it is not aware of any such development and declined to comment on market speculation. It also confirmed that all required disclosures under SEBI's Listing Regulations have been made and no price-sensitive information has been withheld. The company attributed the recent share price movement to market dynamics rather than any undisclosed corporate action.
For shareholders, this is effectively a denial of the Adani acquisition rumor, though it does not rule out future interest. The stock had likely rallied on the news, so this clarification could temper expectations, but the company has left the door open by not making a categorical denial of any future deal.