.
New Delhi, April 19 (MondayMirror.com) Shares of steel manufacturer Sunflag Iron & Steel have surged 73 per cent so far April. On Tuesday, in an otherwise weak equity market, the steel producer’s stocks rose nearly 8 per cent.
Upon seeing such a sharp rally in prices, the stock exchanges have sought clarification from the company.
In reply, Sunflag said the company has been in compliance with all the SEBI rules and has made all the necessary disclosures before the stock exchanges as per the provisions of the listing regulations.
Further, it said that there is no information or announcement, which may have a bearing on the share price or the trade volume, yet to be disclosed to the exchanges.
“The increase in the share price/volume of the company is purely due to market conditions and (is) absolutely market-driven,” it said in a regulatory filing to the exchanges on Tuesday.
Source: IANS
I.S. Dev Samaj Senior Secondary School, Sector 21-C, Chandigarh, organised the annual function of the…
Aravali International School, DLF Valley, Panchkula, commenced its three-day cultural extravaganza, ‘Swarnim Bharat’, with a…
Small Wonders School, Mohali, celebrated its Annual Day with enthusiasm and vibrant performances under the…
Velvet Clarks Exotica, Zirakpur celebrated its 12th Annual Day with great enthusiasm, joy, and team…
Artificial Intelligence (AI) must serve as a tool to enhance human intelligence rather than replace…
“My main objective is to empower needy women by training them in crafts like hand…