With reference to the Increase in Price, Sudar Industries Ltd has now Clarified to BSE that there are no significant or material events in the Company, either financially or administratively, which could have an impact on the price movement of the Scrip.
There are no material changes which require a disclosure to the Stock Exchanges under Clause 36 or any other clause of listing agreement. The price rise is attributed purely due to the market conditions.
Therefore, whatever is the increase in the share price of the Company is purely due to market conditions and market driven and the Management of the Company is in no way connected with any such price increase.
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