Left Menu
Development News Edition

Movement in share price 'absolutely market driven': Finolex Industries to bourses

PTI | New Delhi | Updated: 26-03-2020 23:05 IST | Created: 26-03-2020 23:05 IST
Movement in share price 'absolutely market driven': Finolex Industries to bourses

Finolex Industry Ltd on Thursday informed the stock exchanges that the fall in its share price was “absolutely market driven”. The Pune-based company said it has no information and had any announcement, which may impact its share prices movements.

“Whatever movement in the price of the Company’s Scrip is purely due to market conditions/fluctuations (i.e. COVID-19 epidemic) and absolutely market driven,” the company said. It further said: "We wish to inform you that, to the best of our knowledge, there is no information and/or announcement which in our opinion may have a bearing on the price/volume behaviour of the company’s scrip.” On Wednesday, the BSE had issued notice to Finolex Industries, seeking clarification with reference to significant movement in its share price.  Shares of Finolex Industries had traded 3.11 per cent down in Tuesday's trade at 10:41 AM . The stock opened at Rs 305 and touched an intraday high and low of Rs 333.0 and Rs 290.05, respectively.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



Globalization post-coronavirus to get a hit, self-sufficiency paradigm to rule

The massive scale of coronavirus outbreak, accompanied by uncertainty and fear, could lead to new behaviors and beliefs in the 21st-century population that is empowered with the internet....

Ayurveda for COVID 19: Professionals owe the responsibility to protect it from quacks and fake news

Indian Ayurveda professionals are lagging behind their foreign counterparts in handling quacks and protecting credentials of the Ayurveda at the time of COVID 19 pandemic. The professionals of Ayurveda cannot abjure the responsibility to co...

Education post-coronavirus: Schools to rush for more digitalization

Digital education would undoubtedly boom in the post-coronavirus world, supported by educational institutions that have discovered its efficiency during the crisis, but it is still not expected to outshine traditional classroom learning....


Latest News

Somalia to finalize debt forgiveness in bilateral talks - minister

Somali Finance Minister Abdirahman Beileh on Tuesday welcomed a decision by the Paris Club, an informal group of wealthy industrialized countries, to forgive at least 1.4 billion, or 67 of the debt owed by the Horn of Africa country.We had ...

754,948 coronavirus cases globally, death toll at 36,571: WHO

Geneva, Switzerland, Apr 01 SputnikANI There are 754,948 people worldwide who have been infected with the coronavirus, announced the World Health Organization adding that 36,571 have died from it so far. The virus has spread to more than 20...

Canada to spend USD 2bn on medical equipment as virus toll rises

Canada will spend 2 billion dollars USD 1.43 billion on medical equipment as hospitals fear shortages in the face of the accelerating coronavirus epidemic, Prime Minister Justin Trudeau has announced. The move came as the country reached th...

Egypt's private airlines call for aviation minister to intervene amid coronavirus crisis

Egypts private airlines companies appealed on Tuesday to the civil aviation minister to intervene to stop the losses of the companies amid the coronavirus crisis. The chairmen of the companies called upon the minister of aviation to interve...

Give Feedback