The company also intends to develop its own website, sell on other e-commerce platforms, open stores for speedy delivery, and tie up with other vendors along with offline & online marketing to increase its revenue through the use of new technology

The share surged 12 per cent on the day.

The funds raised through the issue will be used for repayment or pre-payment of a portion of certain outstanding borrowings availed by the company and its subsidiaries as well as for other general corporate purposes.   

On Friday, Indian equity markets ended on a flat note. Nifty 50 closed the last trading session of the week at 17,314.6 in the red territory, marginally down by 0.10 per cent. Top gainers of the index were Titan, Power Grid Corporation, ONGC, IndusInd Bank and Grasim. 

Indian indices closed on a flat note after a volatile session while Nifty managed to close above 17,300 level. The mid-cap, as well as small-cap indices, ended on a mixed note.   

Nifty 50 started lower on the back of negative global trends. In this post, we have highlighted top stocks with powerful technical setup even in the volatile market.

Given the uncertain environment and slowdown in global growth, CY22 could be a challenging year for the markets; opines Surjitt Singh Arora, Portfolio Manager, PGIM India Portfolio Management Services 

The company’s revenue rose 98.95 per cent YoY to Rs 1,820 crore while its net profit gained a massive 5,475 per cent to Rs 241.96 crore in June 2022.

At 10:39 a.m., the Sensex has dropped 226 points, trading at a level of 57,996 points.

The overall tractor sales in CY22 in the first nine months were nearly 5.16 lakh units. The monthly sales have been in excess of 50,000 units, barring the month of August 2022.