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TCI Finance Says Share Price Surge Is Market-Driven, No Undisclosed Events

Story Highlights
  • TCI Finance states it has no undisclosed material information behind its recent share price surge.
  • The company asserts full SEBI disclosure compliance and attributes stock volatility solely to market conditions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TCI Finance Says Share Price Surge Is Market-Driven, No Undisclosed Events

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TCI Finance Limited ( (IN:TCIFINANCE) ) has issued an announcement.

TCI Finance Limited has responded to queries from BSE and NSE regarding recent significant price movement in its shares, stating that there is no undisclosed or unannounced material information that would explain the volatility. The company emphasized that it has been fully compliant with SEBI’s Listing Obligations and Disclosure Requirements, disclosing all price-sensitive and operationally relevant events in a timely manner, and asserted that the sharp increase in its share price is purely market driven and attributable to prevailing market conditions.

More about TCI Finance Limited

TCI Finance Limited is a non-banking financial services company based in Hyderabad, India, providing financial and investment-related services and listed on both BSE Limited and the National Stock Exchange of India under the symbol TCIFINANCE.

Average Trading Volume: 4,500

Technical Sentiment Signal: Strong Buy

Current Market Cap: 171.5M INR

Find detailed analytics on TCIFINANCE stock on TipRanks’ Stock Analysis page.

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