Coronavirus impact: Investor outreach programmes see spike in March

Companies have reached out at a higher rate than before to assuage investors

The number of times companies communicated with investors and analysts through meetings, calls, and presentations saw a rise after Covid-19 took a hold on the economy.

The latest March numbers came in as the highest in five years, for which data was available. The total number of investor outreach programs rose from 2,609 in March 2019 to 2,728 in March 2020, show numbers from corporate tracker nseinfobase.com.

Investors reached out for information on issues, such as shutdown in operations, number of days it could last, and supply chain issues, said Amit Tandon, founder and managing director of Institutional Investor Advisory