Pritika Auto Industries Limited's shares will be in the spotlight when the market opens next, as the business has reached its highest-ever monthly delivery, hitting 3,550 tons in July 2024.
"Company registers highest ever monthly dispatch, reaching an impressive 3,550tons in July 2024 driven by strong demand from domestic OEMs and an upbeat market outlook," according to the business in a statement.
Harpreet S. Nibber, Managing Director of Pritika Auto Industries Limited, commented on the development, saying, "This record dispatch comes at a time when Pritika Auto Industries is expanding its footprint and enhancing its product portfolio to meet the changing demands of the automotive sector." The company continues to invest in cutting-edge technology and process improvements to expand its product line and provide high-quality products and services to its clients.
Equity benchmarks Sensex and Nifty interrupted their five-day advance on Friday, closing sharply lower in line with a worldwide sell-off as investors reduced risk exposure in metal, auto, and IT sectors following dismal US job data.
Under broad selling pressure, the 30-share BSE Sensex fell 885.60 points, or 1.08 percent, to settle at 80,981.95. During the day, it fell 998.64 points, or 1.21 percent, to an intraday low of 80,868.91.
The wider NSE Nifty fell 293.20 points, or 1.17 percent, to 24,717.70. It dropped 324.05 points, or 1.29 percent, to 24,686.85 during the session. The Sensex stocks include Maruti Suzuki India, Tata Motors, JSW Steel, Larsen & Toubro, Tata Steel, Mahindra and Mahindra, Tata Consultancy Services, Tech Mahindra, HCL Technologies and Infosys were the laggards.
The gainers included HDFC Bank, Sun Pharmaceuticals, Kotak Mahindra Bank, Nestle India, and Asian Paints. On Thursday, European markets were trading down in the middle of the afternoon.
The global oil benchmark Brent crude increased 0.77 percent to USD 80.13 per barrel.
On Thursday, Asian markets including Tokyo, Shanghai, Hong Kong, and Seoul closed lower. The US stock market likewise closed in the red on Thursday. Foreign institutional investors purchased stocks worth Rs 2,089.28 crore in the capital markets on Thursday. The 30-share Sensex increased 126.21 points to a new lifetime high of 81,867.55, while the NSE Nifty soared 59.75 points to a record closing high of 25,010.90.
