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“The key lesson out of this would be to focus on businesses that are likely to do well and look at some kind of profitability coming into the company within a shorter period of time.”

A total of 29,001 shares changed hands on the counter till 03:17PM (IST)

The stock quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 659.2.

On the technical charts, the RSI of the stock stood at 46.93.

The Relative Strength Index of the stock stood at 33.12 on Tuesday.

The blue-chip CSI300 index fell 2.3% to close at 4,678.45, its lowest since October 2020, while the Shanghai Composite Index lost 2.6% to 3,433.06.

Rising inflation means there have still been losses for broader Asian bonds-- as there have been in many parts of credit markets globally -- but they’ve been much milder.

Fears about aggressive monetary policy tightening moves by the U.S. Federal Reserve and the potential for military conflict in Ukraine saw a wild session on Wall Street on Monday, with the main indexes breaching key levels at the open and closing higher.

“What happens when the public market corrects? It means that the fresh IPOs will not happen at the same valuation.”

The company could not produce 116,000 vehicles during the quarter under review due to the shortage of semi-conductors.