JK Tyre is also a major player in Indian motorsport, promoting the sport and nurturing young talent for over 30 years.
IndiGo declared a shift in business approach in May after reporting a profit of ₹8,172.50 crore in fiscal year 24.
The Indian stock market's sharp decline on August 5 reflects a widespread negative sentiment among investors, driven by various economic and market factors.
Ashoka Buildcon Ltd works in the construction and infrastructure facilities sectors, using both the EPC and build-operate-transfer methods.
The company's first-quarter results were released during market hours, contributing to the positive market response.
The Day-Ahead Market (DAM) volume grew to 5,056 MU in July 2024, against 3,976 MU in July 2023, representing a 27% increase y-o-y.
In July, Class 8 truck orders in North America reached a 15-month low of 12,400 units. These orders were down 5% from June.
The company's first-quarter earnings before interest, taxes, depreciation, and amortisation (EBITDA) were ₹622 Crore.
The IPO includes a fresh issue of equity shares up to ₹5,500 crore and an offer for sale (OFS) of 8.49 lakh equity shares valued at ₹645.56 crore
The company expects to raise 1,252.66 crore from its initial offer, with 684.25 crore for issuing new shares.

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