Kalana Ispat Limited Clarifies Stock Price Movement, Attributes Share Volatility to Market Conditions
Kalana Ispat Limited has issued a clarification regarding the movement in the price of its security, addressing queries raised by the National Stock Exchange of India Limited (NSE). The company stated that the share price volatility is purely market driven and is not connected to any undisclosed information or corporate action on its part.The clarification addresses the movement in the company’s share price, noting that Kalana Ispat Limited has consistently disclosed all events and information that impact the operation and performance of the company. The company affirmed that it holds no undisclosed price sensitive information or pending corporate actions that require communication to the Stock Exchange.
Management of Kalana Ispat Limited maintained that the movement in the company’s share price is entirely due to market conditions, which the company neither controls nor has knowledge of the reasons for.
The company reiterated its commitment to promptly inform the National Stock Exchange Limited regarding all material events and information, ensuring adherence to relevant regulatory requirements.
KALANA Stock Price Movement
Today, shares of Kalana Ispat Limited rallied, closing higher at ₹26.6 after settling up by 4.31% in post-market trading. The stock traded a total volume of 48,000 shares today.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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