Rumour Verification-Regulation 30(11)
RAJESHEXPO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE asked Rajesh Exports to clarify a news article in The Hindu BusinessLine titled 'Shares in focus: Reliance, Rajesh Exports face penalties for battery plant delays'. The stock had fallen about 3.95% on March 3, 2025, dropping from Rs. 159.30 to Rs. 153.00. BSE sought details on any negotiations, undisclosed information behind the price fall, and any regulatory or legal proceedings. The company responded with a brief one-line denial, stating 'The News is incorrect', without providing any further explanation or details.
Investors are left with an unsubstantiated denial — the company neither confirmed nor gave specifics, which may keep short-term uncertainty around the stock. The sharp single-day fall and lack of detail could trigger further questions if the original report gains traction.