NSE seeks clarification on significant price movement

SHRINGARMS · 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

-7.3%Reaction day

₹320.39

prior close

₹312.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-5.7% vs market

Gems Jewellery And Watches peers, median of 29sector-0.7%-6.6% vs sector

On the reaction day the stock moved 5.7 pts less than Nifty Microcap 250 and 6.6 pts less than its Gems Jewellery And Watches 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

+1.7

10m

+1.9

15m

+0.5

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.3-1.6-5.7-0.7-6.6

Next day

-2.0-1.0-1.0+1.1-3.1

-1.2-2.6+1.4+0.4-1.6

-2.4-5.1+2.7-1.4-1.0

-7.1-6.1-0.9-3.4-3.6

-12.3-8.3-4.0-6.4-5.9

-13.6pendingpending-6.0-7.6

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 29Pending

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

AI summary

NSE observed a significant movement in the share price of Shringar House of Mangalsutra and has written to the company seeking clarification to inform investors and protect their interests. The company's response is awaited. No specific reason for the price movement has been disclosed yet.

Likely market impact

Watch for the company's clarification reply, which may explain the price move and shape near-term sentiment.