Euphoria Infotech clarifies share price movement, attributes market volatility to general market forces
Euphoria Infotech (India) Ltd has addressed questions regarding a recent significant movement in its shares, stating that the company is unaware of the underlying reasons for the stock price activity. The management firmly stated that the observed movement is purely driven by the market and is not connected to the company's operations or management decisions.The company reiterated that it maintains adherence to all compliance requirements under applicable laws and governing regulations.
In its clarification, Euphoria Infotech affirmed that it has consistently disclosed all material information pertinent to the operations and performance of the company in a timely manner. The company emphasized that its management is not involved in or connected to the fluctuations in its share price.
The firm reaffirmed its commitment to continue adhering to all required compliances under relevant regulations and applicable laws, noting that all disclosures made have been within the stipulated time frame.
Stock Price Movement
Euphoria Infotech (India) Ltd shares settled at ₹32.60 on Monday, declining 4.96% with a loss of ₹1.70. The stock was locked completely flat throughout the trading session, as both the intraday high and low stood at ₹32.60.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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