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The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.

Promoters held 45.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 20.34 per cent and 7.77 per cent, respectively.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 743.80 crore, up 17.23 per cent from last quarter total income of Rs 634.48 crore and up 94.72 per cent from last year same quarter total income of Rs 381.99 crore.

BofA maintained a buy call on Maruti Suzuki with a target price of Rs 10,500. The brokerage expects the company to gain back 5-6 per cent market share over the next 2 years. BofA revised revenue by 6-8 per cent and EPS by 9-10 per cent factoring in a new higher ASP.

A total of 7,117 shares changed hands on the counter till 02:05PM (IST)

The company on Thursday also informed bourses that the board has approved the purchase of an additional 15 per cent equity in Seal IT Services, a UK-based subsidiary, at a consideration of GBP 52,50,000 (equivalent to Rs 48 crore). With this acquisition, the company’s total equity stake in the subsidiary increased to 95 per cent from earlier 80 per cent.

Annapurna Swadisht enjoys a strong track record of having ramped up its turnover in the last 4 years via its focus on brand building and positioning its products in a low cost segment and it gains market share in East India, said Profitmart Securities.

On the technical charts, the RSI of the stock stood at 73.6.

As of 30-Jun-2022, promoters held 27.49 per cent stake in the company, while FIIs held 16.05 per cent and domestic institutional investors had 6.21 per cent.

Ximkart will use the funds to strengthen its position in existing categories, launch new categories and expand to newer geographies across procurement, sales, technology and operations.