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
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NSE noticed unusually high trading volume in Sonata Software Limited shares and wrote to the company seeking clarification in the interest of investors. Sonata Software submitted its response to the exchange, though the full content of that response is not detailed in this filing. This is a routine surveillance action taken by the exchange whenever a stock sees abnormal price or volume movement. The fact that the company responded suggests it is cooperating with the exchange's inquiry. No penalty, penalty action, or regulatory violation has been mentioned in this announcement.
This filing does not indicate any wrongdoing or negative action against the company. It is essentially a procedural disclosure showing that the exchange investigated the recent price/volume rise and the company clarified its position. Shareholders should wait for any further clarification from the company on what triggered the unusual trading activity.