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The Relative Strength Index of the stock stood at 35.14 on Monday.

The company said its revenue from operations increased 15.7 per cent year-on-year (YoY) to Rs 22,331 crore from Rs 19,302 crore in the same quarter a year ago. Sequentially, revenue rose 8.1 per cent and net profits grew 5.4 per cent.

This is the third such price hike by Maruti Suzuki in FY22. Prices of select models went up by 1.6% in April and 1.9% in September. Separately, in July, the company took a price hike on its popular model Swift and the CNG-equipped variants of all models by up to Rs 15,000.

The footwear retail chain reported a 54.63 per cent year-on-year (YoY) jump in consolidated net profit to Rs 100.85 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 65.22 crore during the October-December quarter of the previous fiscal.

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.