The company reported 3-fold jump in Q2FY22 consolidated net at Rs 28.61 crore as against a profit of Rs 8.66 crore in a year ago quarter
The company's board in its meeting on October 4, 2021, approved raising up to Rs 300 crore via QIP placement of shares, the floor price for the same was fixed at Rs 194.58 per share.
The company said it has a strong order book and is in the process of augmenting its capacity over the near term, to meet demand and clear Q1FY22 production backlog
The company said it has a strong order book for the coming quarters based on consistent execution and strong credibility in the eyes of its customers
Self-dependence should be interpreted as producing high quality goods required for Indian and global consumption in India with as much value addition as possible in the country, he said
Most units say there are no orders as retailers haven't resumed operations
The stock hit a 52-week high of Rs 103 on BSE, zoomed 43% in past two trading sessions from Rs 72 on May 30.