Stock Market News: Ok Play India Shares Reach 8th Consecutive Upper Circuit Amid Exclusive Deal With Mann+Hummel

The stock of multibaggers has increased by more than 235 percent this year. The company’s shares hit the upper circuits for the eighth straight session today.

Stock market news: Shares of OK Play India were locked at a 5 per cent cap at Rs 164.30 apiece on Wednesday. The stock of multibaggers has increased by more than 235 percent this year. The company’s shares hit the upper circuits for the eighth straight session today. This impressive run has resulted in a gain of more than 30 percent for the stock during this period.

Meanwhile, OK Play has signed an exclusive distribution agreement with MANN+HUMMEL Filter Private Limited (MHIN), a subsidiary of MANN+HUMMEL Group, Germany, through its recently acquired wholly owned subsidiary, MRH Technologies Private Limited. This agreement covers the promotion, distribution, supply, installation and maintenance of the revolutionary new product ‘PureAir Mobile Fine Dust Particle Filter Roof Box’, which aims to tackle air pollution.

Commenting on the agreement, Rajan Handa, Managing Director said: “We are very pleased to announce our agreement with MANN+HUMMEL, a prominent global leader and recognized authority in air filtration solutions. This agreement is of great importance not only for the company but also for the nation as it has the potential to be a transformative remedy for tackling air pollution in India.”

Air pollution has significant harmful effects on human health and the environment. The well-documented adverse effects of particulate matter include adverse effects on respiratory health, cardiovascular health and overall quality of life. Furthermore, elevated levels of the Air Quality Index (AQI) pose a serious threat to the youth and future generations, necessitating an urgent and strategic response.

“Furthermore, according to a report published by Dalberg Advisors, Blue Sky Analytics and the Confederation of Indian Industry (Cll), Indian companies are suffering losses of over Rs. 7 lakh crores per year as the government imposes restrictions on construction and manufacturing activities to counter the effects of air pollution,” he added.