Indices: Stock market update: Nifty Auto index advances 0.11% in a weak market
The Nifty Auto index was trading 0.11 per cent up at 16190.05.
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The Nifty Auto index was trading 0.11 per cent up at 16190.05.
As of 30-Sep-2023, promoters held 45.25 per cent stake in the company, while FIIs held 16.28 per cent and domestic institutional investors had 19.81 per cent.
The defense business continues to excel, securing new orders worth Rs 1,100 Crores, bringing the executable order book to Rs 3,000 Crores for the next 24 months.
On the technical charts, the 200-day moving average of the stock stood at Rs 894.5.
While the company is already supplying armoured vehicles to the domestic defence forces, it is now expanding its frontiers abroad. It will start churning out artillery guns in December/January