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Before this, Hero’s shareholding in Ather Energy was 34.8 per cent, reports said, adding that the exact increase in shareholding will be determined upon completion of the fundraising plan.

"We managed 33 IPOs last year which is over 50% of all the IPOs that hit the markets in calendar 2021. I don’t see this as a one-off event. Foreign investors continue to find India an attractive investment destination, as numerous businesses and supply chains look at alternatives apart from China. Interest rate increases and inflation will create some blips, but the overall exuberance is here to stay."

"They are betting on one crypto becoming a dominant force that may be the case but it requires new uses, not the traditional payments. UPI in India is fantastic. Why would you need an alternative to UPI?"

The company’s scrip fell to a low of Rs 937.15 as against Rs 951.80 at previous close on the National Stock Exchange.

“The company is in discussions to identify investment opportunities in Saudi Arabia, which will transform itself into a mineral hub in the Middle East,” Vedanta’s chairman, Anil Agarwal who was invited as a guest speaker at the Future Minerals Forum 2022 held in Riyadh, Saudi Arabia, was quoted as saying in reports.

Foreign brokerage Morgan Stanley said the strong revenue performance was dampened by a lack of positive revision in outlook. Weak margins in the services segment are driving limited EPS upgrades, it said while keeping a target of Rs 1,450 on the stock.

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 244207.56 Crore) operating in Auto sector.

The stock quoted a 52-week high of Rs 512.05 and a 52-week low of Rs 350.35.

The Nifty Auto index was trading 1.8 per cent up at 11852.2.

Promoters held 48.05 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 28.12 per cent and 11.33 per cent, respectively.