Shares of Amara Raja Batteries fell over 6.5 per cent to Rs 732 on the National Stock Exchange (NSE) in intraday trade on Tuesday, before closing at Rs 735.45. The decline was mainly on account of nearly 30 million equity shares of the battery maker changing hands. The data showed that 29.6 million equity shares, representing 17 per cent of total equity of Amara Raja Batteries, changed hands on the NSE. As many as 33.8 million equity shares, representing 19.8 per cent of the company’s total equity, changed hands on the NSE and the BSE combined, the exchanges data showed. According to the bulk deal data, Clarios ARBL Holding sold 17.08 million share aggregating Rs 1,276.3 crore. Among buyers of the stock were Ghisallo Master Fund (Rs 104.4 crore), Integrated Core Strategies Asia (Rs 130.6 crore), and Morgan Stanley Asia Singapore (Rs 134.7 crore). The average transaction price for these deals was Rs 746-747 per share.
The machine tools are the visible parts of a shop’s capacity, but it is hard to overstate the value and power of software tools for using that capacity effectively. Indeed, software reaches every corner of a manufacturing facility. From the ERP software in the front office, to the CAD/CAM systems that program parts and the machine monitoring programs on the shop floor, nearly every employee in a machine shop is likely to interact with some type of software program. And even those who don’t work directly with software are indirectly impacted by it.
“.nearly every employee in a machine shop is likely to interact with some type of software program. And even those who don’t work directly with software are indirectly impacted by it.”