Purple Wave clarifies share price movement is market driven

Purple Wave Infocom Ltd has issued a clarification regarding the significant movement in its share price. The company stated that it has always disclosed all material information to the stock exchanges in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management is not aware of any specific reason for the recent share price fluctuations, asserting that the movement is purely market-driven and not connected to the company's management. Purple Wave reiterated its commitment to adhering to all applicable compliance requirements.