Today the stock price of Camlin Fine Sciences crashed on heavy volumes
The seller was revealed in the Bulk Reports data to be Morgan Stanley.
Why were they in such a hurry to exit?
Over the weekend, the social media was abuzz with a letter that NESCO will not be permitted to hold exhibitions.
In today’s Times of India, there was an article which corroborated the news.
Now, Exhibitions are an important part of NESCO’s business, accounting for 35% of Revenues and 43% of Operating Profits
Not surprisingly, the stock tanked 10% today immediately on open.
What is shocking is the fact that the NESCO management did not consider it fit to inform shareholders (as on today 11 am) of this very important market moving Event.
Hat Tip: P Shah
Yesterday, DCW had a market moving announcement related to an export order as seen below:
This announcement was broadcast on NSE at around 3:20 pm as seen below:
The announcement was broadcast on BSE at 3:22 pm as seen below:
But the stock price saw a steep jump at around 11:00 am and again at 2:30 pm….well in advance of the Exchange Announcements
Source: Money Control
What should we call this?
Clairvoyance of the markets or something else?