The Exchange has sought clarification from Rajesh Exports Limited with respect to recent news item captioned Rajesh Exports shares fall 5% after SEBI order; LIC has nearly 11% stake, as does retail. The response from the Company is awaited.
RAJESHEXPO · price
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The NSE has asked Rajesh Exports Limited to clarify a recent news article that reported the company's shares fell 5% following a SEBI order. The news also highlighted that LIC holds nearly 11% stake in the company, with retail investors holding a significant position as well. The company is yet to submit its response to the exchange. Investors are awaiting official clarification from the company on the SEBI order and its implications.
The lack of immediate response may keep the stock under pressure in the short term, as uncertainty around the SEBI order persists. Once the company responds, the stock could see volatility depending on the nature and severity of the SEBI action.