Elara identified four factors critical for auto ancillary companies to outperform OEMs: product expansion, segment expansion, geographic expansion and inorganic initiatives
The buying interest on the counter came after the National Stock Exchange (NSE) and BSE issued a 'no objection' letter to the company for the merger with and into Asia Investments
At 02:30 PM, the BSE Smallcap index, the top gainer among broader indices, was up 0.66 per cent, as compared to a 0.11 per cent decline in the BSE Sensex