Significant increase in volume has been observed in Sonata Software 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. Sonata Software Limited has submitted their response.
SONATSOFTW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NSE wrote to Sonata Software seeking clarification on a significant increase in trading volume of the company's shares. The company responded stating it has made all required disclosures under SEBI Regulation 30 and is not aware of any undisclosed information or impending announcements that could explain the price or volume movement. The company has committed to continue updating exchanges about material events as required by law. This is essentially a 'no news' response where the company denies any specific reason for the volume spike.
Neutral for investors — the company has confirmed no undisclosed material information exists. The volume increase appears unexplained by company fundamentals, so investors should exercise caution and monitor for further developments.