Significant increase in volume has been observed in Unitech 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. Unitech Limited has submitted their response.
UNITECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE flagged a sharp rise in trading volume of Unitech Limited and asked the company to clarify whether any undisclosed material information was behind the move. Unitech responded that it has not withheld any price-sensitive information under SEBI listing rules. The company highlighted that it is currently run by a government-appointed Board under Supreme Court oversight (since January 2020), and that construction has resumed on 43 of 76 stalled projects across India, which is driving positive sentiment among homebuyers. Unitech attributed the price and volume increase purely to market conditions and stakeholder confidence, and not to any company-specific undisclosed event.
The stock had seen unusual trading activity which triggered NSE's surveillance query, but the company's response rules out any hidden negative news. The update on resumed construction on 43 projects is a positive operational signal, though the company's long-standing legal and financial troubles under Supreme Court monitoring remain a key risk for shareholders.