Stock exchanges sought clarification from the company over a news article in BusinessLine titled "Garden Reach Shipbuilders signs MoU with France s Naval Group to collaborate on surface ships."
A reply from the company is awaited.
As per the news article, the MoU will enable them to offer high-end surface ships based on sea proven ‘Gowind’ design developed for the export market.
At around 1.30 pm, GRSE was trading at Rs193.10 per piece down 0.3% on Sensex.
The stock has touched an intraday high and low of Rs194.95 per piece and Rs192.50 per piece respectively.