Craftsman Automation Shares Rise 1.64% as Company Launches ₹2,000-Crore QIP

Shares of $CRAFTSMAN gained 1.64% in morning trade after the company announced the launch of its ₹2,000-crore Qualified Institutional Placement (QIP) on June 15. The company has fixed the floor price for the issue at ₹8,966.13 per equity share. The fundraising exercise is aimed at strengthening the company’s financial position and supporting future growth initiatives. Market participants reacted positively to the development, reflecting confidence in the company’s expansion plans and long-term prospects. The QIP is expected to attract interest from institutional investors seeking exposure to the engineering and manufacturing sector. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.