Sunflag up 73% in April, the company says scrip movement market-driven

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

Market Times - market news
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Shares of steel manufacturer Sunflag Iron & Steel have surged 73 % so far April. On Tuesday, in an otherwise weak equity market, the steel producer’s stocks rose nearly 8%.

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 stock last hit in BSE,

  • Intraday High of ₹ 120.00
  • Intraday low of ₹ 102.50