Stallion India Fluorochemicals plans to use the funds raised from the IPO for incremental working capital requirements, capital expenditure requirements for semiconductor and specialty gas debulking and blending facility and other general corporate purposes.
BEL shares jump 4%, hit 52-week high after Nuvama raises target price post strong Q4 results
BEL shares: Nuvama highlighted that BEL’s Q4 margins improved to 30.6% from 26.7% quarter-on-quarter, exceeding market expectations of 24.7%. The management has reiterated its guidance