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Other crypto tokens, such as XRP, Solana, tron, and Toncoin traded higher, while BNB, Cardano, Dogecoin, Chainlink, Polygon, Polkadot, Litecoin, and Shiba Inu traded in the red.

Operating profit, calculated as earnings before interest, taxes, depreciation, and amortization (EBITDA), for the quarter, rose nearly 8% on year to Rs 3,179.30 crore, but operating margin contracted by 91 basis points to 26.08%. Total expenses in the quarter rose to Rs 9,695 crore, from Rs 8,625 crore a year ago.

On the technical charts, the 200-day moving average of the stock stood at Rs 160.12.

The revenue from operations in the quarter under review rose 9.8 per cent to Rs 1,309 crore against Rs 1,192 crore in the year-ago period.

The stock quoted a 52-week high of Rs 4010.0 and a 52-week low of Rs 2870.0.

The company supplies safety systems and critical engineering solutions with in-house designing, developing and manufacturing capabilities.

The amendments provide public companies the flexibility to list their securities on foreign stock exchanges and also include provisions for exemptions by the central government. The provisions for direct overseas listing were approved by the government, as part of the Covid relief package announced in May 2020.

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 75626.74 Crore) operating in Auto sector.

The operations from this facility are expected to commence from Q4 FY24, which will enable it to produce heavier and more complex crankshafts having better realisations and margins, BFIL said.

"The case with L&T and some of the other largecap companies is that relentless FII selling is keeping their stock prices pinned down. So what if it is 24-25 times, 26, 25 earnings, it is a great buying opportunity and that will support further appreciation in the stock price. So rather than analysing why it is available at attractive valuations, I would say that it is a good entry point. Again, a disclosure, we and our clients are invested in it."