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As the name suggests, the pump-and-dump scheme involves "pumping up" the share price, that is driving it higher by spreading misleading information through social media channels or various other media

Promoters held 51.36 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 12.27 per cent and 3.64 per cent, respectively.

We just became the successful bidder for the Andhra Cements in the NCLT process. So that is a 2.6 million ton capacity that gets added up to us. So from the current 8.25 million, we should reach 10.85 million by end of this financial year itself

The stock traded at a P/E multiple of 13.49, while the price-to-book value ratio stood at 1.59.

A total of 1,415 shares changed hands on the counter till time (IST).

The acquisition sparked Buffett’s love affair with “float.” His biographer Alice Schroeder remarks: “To someone like Buffett, having other people’s money to invest, on which he kept the profit, was catnip.”

"Gold is trading at the mercy of expectation of a prolonged interest rate hike decision by the US fed due to resurging inflation, but the talks of a smaller rate hike of 25 basis points have put dollar index under pressure which has helped to gold to rebound in last few sessions," Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas said.

As of 31-Dec-2022, promoters held 68.69 per cent stake in the company, while FIIs held 9.21 per cent and domestic institutional investors had 5.99 per cent.

The retail portion was subscribed 2.31 times, while non-institutional investors (NIIs) made bids for 43% of the reserved part. Qualified Institutional Buyers (QIBs) largely stayed on the sidelines so far, subscribing just 6%.

A total of 21,119 shares changed hands on the counter till 01:38PM (IST)