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Akhilesh Jat SEBI RA

22nd Aug 2025 · SEBI-Registered Analyst

⚡ Fat-Finger Glitch: Clean Science Block Deal Sparks Market Frenzy

Yesterday,

CLEAN
stock saw extreme volatility. It dropped 9% to ₹1,070.5, then surged 17% to ₹1,256.8, before closing 2.48% lower at ₹1,148.5. Key highlights: A block sale of 24% promoter stake triggered confusion due to an “execution error” by Avendus Spark. Instead of 2.5 crore shares (24% stake), nearly 6 crore shares traded, sparking temporary chaos. The huge block trade caused a sharp 7% fall before recovery post clarification. Trading volume shot up to 95.7 million shares, 29x the 30-day average of 3.3 million. Final promoter sale confirmed at 2.5 crore shares (23.98% stake), raising ₹2,750 crore. Buyers included SBI MF, Nippon India MF, Norges Bank, and Bajaj Allianz Life. Avendus Spark acknowledged the glitch, assured no financial impact, and took corrective steps. Disclaimer: This is solely for informational purposes. It does not constitute investment advice, trading recommendations, or an offer to buy/sell any securities.

#WatchOutFor#StockInNews#Miscellaneous#Post-ClosingCommentary
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