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“In value terms, last quarter, margin was around Rs 4,500 per tonne and our comfortable level is around Rs 5,000 plus. In this quarter, we are expecting it to be more than Rs 5000 as and when value added proportion is increased the product mix or margins will grow further.”

The largest decline in pledged promoter holdings was recorded in the case of Motherson Sumi Wiring, Deepak Fertilisers and GMR Airports.

Suprajit Engineering, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 4937.12 Crore) operating in Auto Ancillaries sector.

A short dip from the peak level is witnessed but the overall trend is maintained positive and with the RSI also well placed has shown immense upside potential to carry on with the momentum further.

Recently, the company announced that it won marquee mandates, including Tata Sons, National Skill Development Corporation, Indian Oil, TATA Croma, and Bank of Baroda. The mandate of the National Skill Development Corporation is to transform the brand notion and strengthen the connection with youth.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 10.65 per cent and 7.78 per cent, respectively.

A total of 16,594 shares changed hands on the counter till 01:27PM (IST).

“Going in the direction of protectionism of domestic firms and of domestic industries as opposed to production for export-led growth may be a challenge and the fact that India has not recently joined either FTAs or regional trade agreements is a signal that you are doing something slightly not right. ”

The stock quoted a 52-week high price of Rs 2916.85 and a 52-week low of Rs 1988.6.

The US personal consumption expenditures price index is forecast to rise 0.5% in January from a month earlier, the largest advance since mid-2022. The median estimate in a Bloomberg survey of economists expects a 0.4% advance in the core measure, which excludes food and fuel and better reflects underlying inflation