Significant increase in volume has been observed in Garuda Construction and Engineering Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Garuda Construction and Engineering Limited has submitted their response.
GARUDA · price
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Awaiting price reaction for this filing.
The National Stock Exchange (NSE) flagged a significant increase in trading volume of Garuda Construction and Engineering Limited shares and asked the company for an explanation. In its response dated July 8, 2025, the company stated it is not aware of any specific reason behind the volume spike. The management clarified that the increase is purely market-driven and that they have no connection to it. The company also reaffirmed that all material information affecting its operations or performance has already been disclosed to the exchange as required under SEBI Listing Regulations. The response was signed by Managing Director Pravin Kumar Brijendra Kumar Agarwal.
This is a routine clarification with no new fundamental information disclosed, so it is unlikely to change the company's outlook. The volume spike remains unexplained by the company and may continue to attract investor and regulatory attention.