Significant increase in volume has been observed in Munjal Auto Industries 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. Munjal Auto Industries Limited has submitted their response.
MUNJALAU · price
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NSE wrote to Munjal Auto Industries requesting clarification on significant volume/price movement in the stock. The company responded that it was awarded new business from Honda Motorcycle and Scooter India Pvt. Ltd on May 11, 2026, for manufacturing and supply of sheet metal stamping and welding parts. This contract was disclosed to the exchange within stipulated time. The company stated it is not aware of the specific reason for the price movement and attributed it to market-driven factors and general market conditions. Management confirmed no involvement with the price movement and reiterated adherence to all SEBI Listing Regulations compliance requirements.
The new Honda business award is a positive development for the company, though the stock movement appears to be driven by broader market factors rather than undisclosed corporate news. The clarification aims to assure investors that no material information was withheld.