Tera Software says share-price movement is market-driven
TERASOFT · price
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On the reaction day the stock moved 6.8 pts less than Nifty Microcap 250 and 6.0 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Following exchange queries over a recent significant share-price movement, Tera Software said it has disclosed all material and price-sensitive information on time. It stated that no unannounced material information or pending announcement could affect the stock and that the movement reflects prevailing market conditions.
The response provides no new business or financial update. It may ease concerns about hidden information, but the company did not identify specific market catalysts.