DSIJ Mindshare

From a technical standpoint, the stock appears to be on the cusp of a significant multi-year breakout, poised around the pivotal level of Rs 374. Sustaining above this critical threshold is anticipated to catalyze a noteworthy breakthrough, marking the culmination of a 73-month long consolidation phase.

Establishment of a prestigious 5-star hotel in Ayodhya, strategically located within 1-KM radius from the revered Shree Ram Mandir. This ambitious venture entails an investment of up to Rs 100 crore in Jeewani Hospitality Private Limited

Disclosed a robust net order book for electric buses, totaling 8,088 units, with significant demand continuing, including orders from MSRTC for 5,150 buses.

However, as the issue progressed, a cloud of uncertainty descended. Despite an overwhelming response (received subscription for 1,43,31,856 equity shares, which is 118.35 per cent of the issue size) from eager investors, the company found itself falling short of the minimum subscription threshold of 90 per cent. How could this be?

It maintained its position as the leading bus manufacturer in the country, securing orders for over 3800 buses from State Transport Undertakings during the quarter. The growing bus market is anticipated to contribute significantly to overall industry volumes.