NSE seeks clarification on unusual price and volume activity in several stocks

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NSE unusual share activity

Highlights

National Stock Exchange of India has sought clarification from 8 companies, including Anmol India, Astec LifeSciences and Bal Pharma, over unusual price activity, with responses pending.
Clarifications from CORONA Remedies, India Nippon Electricals and Orient Green Power are available on the NSE website, while responses regarding volume increases from 4 companies, including Tata Investment Corporation, are still awaited.
NSE wrote to Godrej Properties and IDBI Bank on 08 September 2026 to verify the accuracy of media reports, with related documents available on NSE.

This article was translated from the original. Read the original version by our correspondent here.

Clarifications from listed companies and pending responses

According to NSE India, the shares of Anmol India Limited, Astec LifeSciences Limited, Bal Pharma Limited, Chembond Material Technologies Limited, Indo Rama Synthetics (India) Limited, Rbm Infracon Limited, Texmo Pipes and Products Limited and Wheels India Limited have seen significant price increases or declines, following which the exchange wrote to the companies to provide investors with updated information. Responses are awaited in the cases of Anmol India, Astec LifeSciences, Bal Pharma, Chembond Material Technologies, Indo Rama Synthetics, Rbm Infracon and Texmo Pipes and Products, while Wheels India's clarification is available on the NSE website following the letter sent on 09 September 2026.

Cases of unusual volume increases include CORONA Remedies Limited, India Nippon Electricals Limited, India Tourism Development Corporation Limited, Mangalam Worldwide Limited, Orient Green Power Company Limited, Tata Investment Corporation Limited and Wendt (India) Limited. Clarifications from CORONA Remedies, India Nippon Electricals and Orient Green Power are available on the website, while responses from India Tourism Development Corporation, Mangalam Worldwide, Tata Investment Corporation and Wendt (India) are still pending.

Similarly, the exchange has also sought clarification from ESDS Software Solution Limited and N R Agarwal Industries Limited regarding price fluctuations. The clarifications from ESDS Software Solution and N R Agarwal Industries are available in NSE's corporate filings section, and the letter to N R Agarwal Industries was sent on 09 September 2026.

Market impact of media report-related cases

Separately, the exchange wrote to Godrej Properties Limited and IDBI Bank Limited on 08 September 2026 to verify the accuracy of media reports concerning both companies. In Godrej Properties' case, the report concerned a settlement of a Gurgaon project dispute with Orris Infrastructure, while in IDBI Bank's case, reports emerged that Fairfax could exit IIFL Finance to raise funds for an IDBI Bank bid.

Such clarifications are considered important for investor protection and transparency in the price discovery process, as the exchange seeks to provide the market with relevant information during unusual price or volume activity. Documents from companies whose responses are available can be viewed in the listings, corporate filings and announcements sections of the NSE website.

Our previous article on NSE's process for seeking clarification on unusual trading activity explained that following sharp price or volume movements and certain media reports, the exchange sends letters to several listed companies seeking factual confirmation and updated information. That coverage also highlighted that some responses become available in NSE's corporate filings, while pending clarifications in many cases may increase market sentiment volatility and fluctuations in the shares.

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