One of the prominent Micro-Cap defence equipment manufacturers, specialising in advanced machine tools and indigenous submachine guns for military operations, has plunged 6% after being named in the US Treasury Department’s sanctions list. Share Price Movement Following the announcement, Lokesh Machines stock experienced significant turbulence in the market. Consequently, the defence stock dropped by 7% … Continue reading Defense stock down 7% after US enforced sanctions for having Russian links; Company responds