Vardhman clarifies to exchange on price movement; Stock dips 1%

11 Jan 2022 , 10:39 AM

Shares of Vardhman Limited traded at a reduced price in the morning trade soon after it has issued a clarification to the Exchanges regarding the price movement of the company’s security across exchanges in the recent past.

The stock is currently trading at Rs 2,594.45 which is down by Rs 26.05 (1.03%) from its previous closing of Rs 2620.50. 

The stock has touched an intraday high and low of Rs 2646.80 and Rs 2576.50 respectively.

In the response to the letter issued by NSE earlier, Vardhman stated that pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has been providing/ intimating the Exchange about all the price-sensitive information/events from time to time. There is no information/ announcement, having a bearing on the price/ volume behavior on the Company’s scrip, which is pending to be reported/ disclosed to the Exchange.