As of 30-Sep-2021, promoters held 29.82 per cent stake in the company, while FIIs held 51.54 per cent and domestic institutional investors had 7.25 per cent.
The stock traded at a P/E multiple of 53.7, while the price-to-book value ratio stood at 1.22.
Telecom-to-oil major Reliance Industries, which has the biggest sway in Nifty, was down about 2 per cent. It also hurt investors the most as the fall clipped Rs 33,000 crore from its market cap.
The Nifty Bank index was trading 1.08 per cent down at 37289.3.
As of 30-Sep-2021, promoters held 48.76 per cent stake in the company, while FIIs held 21.71 per cent and domestic institutional investors had 9.28 per cent.
The company will commission 23 such forklifts in a phased manner over the next few months at its aluminum smelter in Jharsuguda, Odisha.
IT and financial stocks declined the most. HDFC tanked 1.89 per cent to Rs 2,619. HCL Tech, HDFC Bank and Infosys declined 1.78 per cent, 1.65 per cent and 1.48 per cent, respectively.
Γ’β¬ΕThis year, we should have a very expansionary budget with focus on all the areas where the voters are sitting Γ’β¬β be it affordable housing, rural economy, infrastructure creation and job creation. Γ’β¬Β
For the past few years, the Big Bull has either been reducing or holding on to his stake in Escorts. He last bought additional shares in Escorts in the September quarter of 2018.
Promoters held 69.44 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 11.78 per cent and 4.29 per cent, respectively.
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