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"In the edible oil category, you will soon see us working towards the premium end of the oil bracket. We are also working on the atta and besan and grocery items. Similarly, we are working on range of juices. A lot of effort goes on in making a consumer move towards the premium end of the product range, where they must see a very visible and clear differentiation between what they were buying earlier and what they are consuming now."

Shares of L&T Technology Services surged 8%, Mphasis and Persistent rose over 5%, while TCS, Tech Mahindra, Coforge, and LTI advanced over 2%.

In an exchange filing, the company said that its board of directors are scheduled to meet on Friday, December 16, to consider and approve the proposal to sub-divide or split the equity shares.Following the update, shares of the smallcap player jumped 5% to Rs 29.50 on Thursday. The stock settled at Rs 28.10 on Wednesday.

The Relative Strength Index of the stock stood at 54.96 on Thursday.

Company has reported net profit after tax of Rs 109.29 Crore in latest quarter.

A confidential filing, as the moniker suggests, allows a company to privately file a registration statement for an IPO with the regulator for review, delaying the public filing until much closer to the actual IPO date.

“Within the auto segment, a positive surprise is coming on the tractor side, though this segment has also witnessed a month-on-month decline post the festival impact. But compared to the numbers which the Street is expecting for the tractor industry on a YoY basis, the industry is coming flat or showing a marginal growth against Street expectation of 5-10% decline.”

Market experts don’t see any major hiccups to the flows from this investor community given the sustained inflows that mutual funds are witnessing in equity through systematic investment plans or SIPs.

Logistics sector is estimated at 14% of India’s GDP and is slated to grow at 8-10% CAGR over the next five years. It is a highly fragmented sector with more than 90% share of unorganised players.

A total of 15,583 shares changed hands on the counter till 12:12PM (IST).