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On the technical charts, the RSI of the stock stood at 46.12.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 17.35 per cent and 21.19 per cent, respectively.

Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 32007.30 Crore) operating in Auto Ancillaries sector.

For the year, eight out of 10 stocks have given positive returns but only three stocks have outperformed the index, and five stocks have given double-digit returns in 2022, according to data from ACE Equity.

A total of 374,365 shares changed hands on the counter till 01:34PM (IST)

The stock quoted a 52-week high price of Rs 5790.0 and a 52-week low of Rs 3314.0.

“This FDC has been launched under the brand name Zita®-PioMet,” the company said in a BSE filing. “This offers patients with Type 2 diabetes the convenience of once-daily dosing to improve their glycemic control and achieve the targeted HbA1c within 24 weeks,” it added.

The company is selling shares in the range of Rs 347-366 apiece between December 19-21, with a lot size of 40 equity shares. The issue comprises entirely an offer for sale (OFS) of about 4.1 crore equity shares.

The next financial crisis will occur due to private cryptocurrencies, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday, adding that he still holds the view that cryptocurrencies should be prohibited. The RBI has for long held its view that private cryptocurrencies are a threat to stability and has been against legitimising its usage. To combat the issue, India recently launched its own cryptocurrency, backed by the RBI.

With the acquisition, Shyam Metalics added 1,50,000 tonnes per annum of stainless steel, wire rod and bar mill capacity. The company will invest Rs 7,500 crore over the next 4-5 years to diversify its metals businesses further, the company said in a BSE filing.