Auto Sector

WESS is in the business of producing Lithium-Ion (Li-Ion) batteries and cells, as well as various other types of batteries and cells.

The company is selling its shares at the price range of Rs 94-99 per share from December 23-27.

The IPO of landmark had a fresh issue of up to Rs 150 crore and an offer for sale of up to Rs 402 crore, aggregating up to Rs 552 crore.

The company will utilize the funding to grow its network and offer more services by adding more batteries.

On Thursday, JK Cement acquired a 60% stake in Rajasthan-based Acro Paints for Rs 153 crore.

If foreign investors continue their buying momentum of yesterday, then markets may turn green too.

The company distributes wines under a bouquet of popular brands such as Sula, Dindori, RASA, Madera & Dia, etc.

During the period, component exports increased by 8.6% to USD 10.1 billion.

Customers who purchase KALYANI FeRRESTA and KALYANI FeRRESTA PLUS steel products will receive Green Steel certificates.

In 2022, most Auto stocks (except the ones with global exposure) outperformed broad markets. Volume growth was strong across segments (9%-44%) and there is expectation of margin improvement, as operating leverage and lower commodity prices kick in.