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In the early trade, the stock was down 1.8% on the National Stock Exchange (NSE) at ₹1,173 per share. On the BSE, it dropped 1.5% to ₹1,175.1.

The offering consists of a basic transaction worth up to ₹5,861 Crore ($700 million) and a greenshoe option worth up to ₹2,512 Crore ($300 million) in further funding.

Mamitra was initially developed and launched in India in 2016 under the brand name Vivitra by the research team at Zydus Research Centre

Larsen & Toubro (L&T), a prominent Indian multinational enterprise with a market capitalization of USD 27 billion.

The firm's total income increased by 25% to ₹1,638 Crore in Q1FY25, compared to ₹1,315 Crore in Q1FY24.

The corporation has made a remarkable turnaround, with Jaguar Land Rover (JLR) now on a profitable growth path.

At 1:04 p.m., BSE shares were trading at ₹2,599.75 on the NSE. Volumes in the counter were also high, with 12 lakh shares changing hands.

As of January 2024, PN Gadgil Jewellers has the second-largest number of stores among big organised jewellery players in Maharashtra.

Revenue from operations also decreased by 4.5%, falling to ₹4,515.79 crore compared to ₹4,729.71 crore in the previous year’s quarter.

Market sentiment remained cautious as investors awaited the Federal Reserve's monetary policy announcement, scheduled for later today.