1 year ago

R Systems Shares Drop After Denying Acquisition Rumors

R Systems Shares Drop After Denying Acquisition Rumors
R Systems shares slipped 7% from day's high level; here's why · businesstoday.in

Imagine a company called R Systems.

Some people thought another company, Coforge, might buy part of R Systems, and the stock price went up!

But R Systems said, "Nope, not true!"

They said they weren't talking to anyone about it.

After that, the stock price went down.

The stock price went down after the company denied rumors of a stake acquisition.

This means the stock price went down because of something the company said.

Key facts

Day High
Rs 468
Day Low
Rs 432.95
14-day RSI
66.27
P/E Ratio
34.75
P/B Value
10.35
EPS
12.55
RoE
29.77
Beta
0.93

Sources

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