News Overview

Auto stocks were trading in the positive zone, with the S&P BSE Auto index rising 535.17 points or 2.04% at 26829.93 at 09:50 IST.

Lagnam Spintex hit an upper circuit limit of Rs 10% to Rs 90.45 after the companys net profit surged 107.05% to Rs 9.40 crore on 45.03% rise in net sales to Rs 90.95 crore in Q3 December 2021 over Q3 December 2020.

The two-wheeler major further augments its endevours towards emerging mobility.

Apollo Tyres rose 1.60% to Rs 235.25 after the company made a cash investment of Rs 9.33 crore by acquiring 27.20% stake or 11,66,250 equity shares having face value of Rs 10 each, at a premium of Rs 70 each, on Friday, 14 January 2022.

An initial investment of around Rs140cr are estimated for the new facility.

Vedanta Ltd has lost 2.74% over last one month compared to 5.02% gain in S&P BSE Metal index and 7.32% rise in the SENSEX

On 24 January 2022

This will increase the Company's Annual capacity from 4.55 lac TPA to 6.25 lac TPA.

Va Tech Wabag gained 2.45% to Rs 342.30 after the company secured an order worth about $100 million for reverse osmosis of Hassyan sea water in United Arab Emirates.

Enters Western India Commercialisation Initiative in line with Dalmia Bharat’s growth plans to take overall capacity to 110 -130 million tonnes by 2031.