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Domestic brokerage firm Axis Securities has said that the sector outlook is positive and that the company is on its path to enhancing its capacity to 1MT by FY25.
Shares of Tempest have come off that high in the two latest trading sessions as investor enthusiasm moderated and a broader market selloff in risky assets batters the high-risk biotechnology sector. The firms market value of $49 million on Friday remains more than 15-fold of what it was, before the jump.
If an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have swelled to nearly Rs 6.5 lakh, according to an analysis by ET Markets. In the last five-year period, the shares have jumped nearly 623% and about 374% in the past three years.
The bidding procedure for smart meters has already started in many State Electricity Boards (SEBs), demonstrating the benefits of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme.'
In addition to it, the board has finalised the allotment of 50,00,000 (50 lakh) fully convertible warrants for cash at an issue price of Rs 183.60 per warrant