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The quota for retail bidders was booked 1.53 times, whereas the allocation for non-institutional investors (NIIs) fetched 1.63 times subscription. The portion for qualified institutional bidders (QIBs) was booked only 1%.

One must understand that while inflation will always push asset prices higher, this period of high inflation is cyclical. Your portfolio may continue to grow so long as it is not concentrated in a few high-risk stocks and is suitably diversified. While one can expect market volatility to continue, investors would do well to invest with a long-term mindset and not make any knee-jerk reactions in the current situation.

As of 30-Jun-2022, promoters held 53.51 per cent stake in the company, while FIIs held 42.2 per cent and domestic institutional investors had 2.24 per cent.

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In a meeting that was held last week, the company announced that its board of directors approved an allotment of bonus shares to eligible shareholders in the ratio of 1:2.

"As of now, the resistances are gradually shifting higher. Earlier, the hurdles were near to 18,442 and are shifting even lower to the 18,350-18,300 zone. With this setup, we suggest selling on any bounce with resistance at 18,300. We are expecting this index to go down below 18,000 and test the next support of 17,950."

Automaker shares rebounded strongly after the yen showed signs of stabilizing, and the real estate sector rallied as long-term bond yields also calmed down after steep climbs.

On the technical charts, the RSI of the stock stood at 26.89.

The Nifty Auto index was trading 1.11 per cent down at 12554.4.

As of 30-Sep-2022, promoters held 0.0 per cent stake in the company, while FIIs held 37.27 per cent and domestic institutional investors had 32.58 per cent.