IITL Projects Ltd States Lack of Knowledge Regarding Recent Share Price Spurt

IITL Projects Ltd States Lack of Knowledge Regarding Recent Share Price Spurt

IITL Projects Ltd States Lack of Knowledge Regarding Recent Share Price Spurt​

IITL Projects Ltd has responded to inquiries concerning the recent increase in the price of its equity shares, clarifying that it possesses no knowledge regarding the reason for the stock movement.

The company confirmed that it has provided all necessary disclosures and information pertaining to material developments to the Stock Exchange on a regular basis until such events are resolved or closed. The company also noted that all such furnished information is available in the public domain.

Regarding the recent rise in the equity share price, IITL Projects Ltd stated that, to the best of its knowledge and information, there is no pending requirement for disclosure to the Exchange concerning any event or price sensitive information that impacts the share price movement.

The company explicitly added that it has no knowledge of the reason behind the recent spurt in the price of its equity shares.

Stock Price Movement​

As of 13:31, IITL Projects Ltd is sinking sharply, currently trading at ₹46.00 after a drop of 8.91%. The shares navigated an intraday range stretching from the high of ₹50.50 down to its low of ₹46.00.
 

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