The Exchange has sought clarification from Mazagon Dock Shipbuilders Limited with respect to recent news item captioned Mazagon Dock shares climb 6% amid report of Rs 99,000 crore defence deal. The response from the Company is awaited.
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The NSE has asked Mazagon Dock Shipbuilders to clarify on a recent news report that mentioned the company's shares rising 6% on reports of a Rs 99,000 crore defence deal. The company has not yet responded to the exchange's query. This is a standard procedure where exchanges seek confirmation from listed companies when there is significant price movement linked to media reports. Until the company provides its response, the actual status of the reported deal remains unconfirmed.
Investors should treat the Rs 99,000 crore defence deal as unverified until the company officially confirms or denies the news. Any further price movement could occur once the company's clarification is released.