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Of Rs 300 crore fresh issuance, the company is planning to use about Rs. 95 crores for the repayment of the debt, Rs 117.90 crore for setting up seven new mother and baby centres at various locations over the next few years and Rs 12.71 crore for acquisition of 49% stake in its subsidiary, Acquity Labs Private Limited besides general corporate purposes.

“Most analysts do not expect aluminium prices to come down in the near future. Aluminium, copper prices are going to hold firm at least for this calendar year. The cost inflation continues but the top line is also offsetting that cost increase because the LME prices keep going up. We would be very happy to maintain the margins in Q4 versus Q3."

The stock quoted a 52-week high price of Rs 1674.0 and a 52-week low of Rs 1305.7.

“Market analysts predicts that aluminium price may touch up to $4,000 and some analysts are predicting that during Q1 of 2022 (January, February, March), the average price will be around $3,000 plus minus 5%. This is a good price for the aluminium industry and everybody knows that price beyond $2,600-2,700 is temporary in the market. ”

Amara Raja Batteries on Thursday said its consolidated net profit declined 25.25 per cent to Rs 145.30 crore in the third quarter ended December 31, 2021.

According to the company, the new launches are designed to help investors expand their crypto portfolio with smarter and safer investment options

The stock traded at a P/E multiple of 67.48, while the price-to-book value ratio stood at 6.64.

A total of 10,564 shares changed hands on the counter till 02:05PM (IST).

“As good cyclical-oriented sectors and stocks are correcting, they are the ones to accumulate because the bounce back in earnings will more than justify those allocations though in the short run, it might look like one is taking on a lot more risk. It is a very blended play and that is the best way to harness volatility in our favour.”

EPL Ltd. key Products/Revenue Segments include Laminated Tubes, Royalty Income, Scrap and Export Incentives for the year ending 31-Mar-2021.