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Axis Bank also surged over 16% in the last three months, while it has risen over 50% in the last six months. Meanwhile, three leading private sector banks, HDFC Bank, ICICI Bank, and Kotak Mahindra, gained 7%, 18%, and 1%, respectively, in 2022.

A total of 1,028,369 shares changed hands on the counter till 02:05PM (IST).

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.