Stock Crash: Shares of a company with a market cap of 11,000 rupees fell 4% in 5 minutes, but recovered as soon as it responded.:

News Topical, Digital Desk : On December 18, 2025, around 2:45 p.m., the stock suddenly experienced pressure. Many investors feared some major bad news. However, the reality is that this decline does not appear to be due to any new corporate filings or any recent fundamental shock. Market analysts view this decline as a continuation of the ongoing legal and news overhang. The stock price, once hovering around ₹1,400, fell below ₹140 on December 18. Foreign investment companies (FIIs) also sold heavily. Their stake fell from 24.4% in June 2025 to 19.05% by September 2025.

But as soon as the company issued its clarification, the stock recovered.

SAMMAAN CAPITAL issued a clarification - SAMMAAN CAPITAL is not named in the EoW FIR. The ED and CBI are investigating the matter. The EoW FIR concerns the mutual transactions of former promoter Sameer Gehlot.

Why has the overhang persisted since November? Sammaan Capital (formerly Indiabulls Housing Finance) is this company. During the hearing of a PIL in the Supreme Court on November 18-19, comments were made on alleged financial irregularities related to Indiabulls Housing Finance (now Sammaan Capital). The court questioned the "passive approach" of SEBI, CBI, and the Ministry of Corporate Affairs and called for the matter to be pursued seriously. Following these comments, the stock fell by approximately 17% in just two days, and trading volume increased almost threefold. Since then, the stock has been under the shadow of a legal risk. The company had clarified at the time that various regulators had already stated that no formal investigation was pending on the allegations raised in the PIL. The company's stance in the Delhi High Court has also been "clean chit," and the current Supreme Court petition does not directly accuse Sammaan Capital.

What was the new trigger on December 17–18? During the December 17 session itself, news related to the "fresh FIR" appeared in the media and a market article. Subsequently, the stock fell from an intraday high of around ₹153.2 to ₹142.5, a decline of approximately 7%. However, the company reiterated that the FIR was not directly against Sammaan Capital, but rather related to old promoter-linked entities, and that no new statutory investigation had been initiated against the company. Meanwhile, the NSE and BSE sought clarification from the company regarding the unusual price and volume movements. As of the afternoon of December 18, no new public response had been received. How to interpret the fall of December 18, 2:45 PM - Most market participants are interpreting the weakness that occurred around 2:45 PM on December 18th as: "Follow-through fear" from the ongoing Supreme Court hearing and news related to the FIR. The clarification sought from the exchange did not arrive until intraday. Traders with high-leverage and speculative positions exited, causing the price to fall sharply as the order book thinned. Because there were no new exchange filings, no fresh regulatory action, or official orders at that time, this fall is being considered sentiment-driven and an effect of event-overhang, not a new fundamental flaw. As of the afternoon of December 18th, there were no documented changes in the company's fundamentals or regulatory status. Any risk is an extension of the ongoing Supreme Court case and the associated media coverage. In stocks with legal overhang and heavy volume, intraday moves of 5–10% are "normal." This setup becomes more like trading than investing. The most important thing for ordinary investors is to monitor news ahead of price. Continuously tracking the next Supreme Court hearing, official company clarifications, and any new communications from SEBI or RBI is crucial before holding onto this stock or taking a new position.