Auto Sector

Valiant Laboratories' IPO, which had a price band of Rs 133-140 per share, is entirely a fresh issue.

The price band for the offer is set at Rs 51-54 per share.

The shares are expected to be listed on the stock exchanges on October 9.

According to a statement from the firm, total two-wheeler sales increased by 7% year over year to 3,86,955 units last month from 3,61,729 units in September 2022.

From September 22 to September 29, the USFDA visited the company's Unit VI-B, a formulation production plant located in Chitkul Village in Telangana's Sangareddy District.

In accordance with the contract, Ashok Leyland will produce 55-seater BS VI diesel buses that are fully assembled in a "phased manner".

The proceeds generated from the fresh issues will be allocated towards financing the company's capital expenditures, debt repayment, and general corporate purposes.

Key sectors such as power, auto, metal, banking, and oil & gas witnessed declines ranging from 0.5 to 1%.

As of September 2022, the business had sold 17,549 units altogether, according to a statement from Ashok Leyland.

According to a statement from Coal India Ltd (CIL), the total volume of coal delivered was 1.8 MT more than the 293 MT demand anticipated for this time period.