As many as 30,000 shares changed hands in Thursday’s session, significantly lower than the 1-week and 1-month average of about 74,000 shares. The stock is listed only on the BSE and trades under the T-group. Stocks placed in the T-group are settled on a trade-to-trade basis, requiring mandatory delivery of shares. At present, Cian Agro is also under the long-term Additional Surveillance Measure framework due to increased trading activity at the counter.
The company operates across multiple business divisions. Its food segment includes oils, spices, and ready-to-use products such as Kitchen Queen Masala, Biryani Masala, Chat Masala, filtered groundnut oil, and refined soybean oil. The personal care range features Abyayngam Luxurious Revitalizing Oil, assorted luxurious soaps, Oir Herbal Soap, Oir Lavender Handwash, and sugarcane-based face and facial kits.
In an exchange filing dated September 11, the company responded to the BSE regarding the significant rise in its stock price, stating: “We would like to inform you that our company maintains internal controls and corporate governance practices to monitor and prevent any unauthorized dissemination of information. We hereby confirm that the company has not withheld any material information or event that, in our opinion, would have a bearing on the price or volume behavior of the scrip.”
“The movement in the company’s share price and volume is purely due to market conditions and appears to be market-driven, over which the company has no control,” the disclosure added.
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