The board approved the floor price of the QIP at Rs 2,206.49 per share which implies a 1.4 per cent discount on Monday's closing of Rs 2239.05 per share
Analysts at Axis Securities believe that Gravita is well-positioned to capitalise on the burgeoning recycling industry, driven by global shifts toward sustainability and circular economies
The company said due to stringent government regulations under the Battery Waste Management Rules (BWMR) and Extended Producers Responsibility (EPR), the availability of domestic scrap is increasing
Gravita India hit a new high of Rs 1,967.20, as it rallied 9% on the BSE in Wednesday's intra-day trade after MOFSL initiate coverage on the stock with 'buy' rating and target price of Rs 2,350.
Shares of Gravita India hit a new high of Rs 1,838.40, as they surged 14 per cent in Tuesday's intra-day trade backed by heavy volumes on the BSE.