Raises initial Rs 3.35 billion through maiden issue of NCDs
With the recent investment from Multiples Alternate Asset Management, the share capital of the APAC group stands at Rs 4 billion
However, the investment dropped has increased. There is hence a mixed picture here", a report by CARE Ratings noted
The Sebi had already auctioned over 150 properties of the group's companies and their directors between April and September this year
The S&P BSE Sensex added 33 points or 0.1 per cent to settle at 35,963, with Bharti Airtel (up 5 per cent) being the top gainer and HDFC (down nearly 2 per cent) the worst laggard.
The stock moved 5% higher to Rs 150, bouncing back 6% from the intra-day low of Rs 141, after the company said that its board will meet on December 20 to consider a share buyback proposal.
The stock moved higher by 13% to Rs 75.65, rallied 26% in past two trading days on the BSE on back of heavy volumes.
Nifty Realty above 100-WMA after 6 months. Has the downward trend reversed?
On a year-to-date (YTD) basis, the stock has slipped 5.5 per cent. At 11:35 am, the stock was trading at Rs 142.60, down 5.94 per cent.
Bharti Airtel has rallied 10% to Rs 333, while Vodafone climbed 8% to Rs 37.60 on BSE in the intra-day trade.
The stock rallied 9% to Rs 1,247 on Friday, extending its Thursday's 4% gain on the BSE in an otherwise range-bound market on expectations of strong earnings growth
At 9:30 am, the stock was trading 5% higher at Rs 164, having risen 9% on the BSE in intra-day trade as the company said its board will meet on December 20 to consider the share buyback proposal
In the equity market, benchmark indices rose for the third straight session Thursday. The S&P BSE Sensex climbed 150.57 points, or 0.42 per cent, to end at 35,929.64.
Here's a look at the top stocks that may remain in focus in today's session -
Derivative strategy on Escorts by Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst- technical research at Prabhudas Lilladher.
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research
The move comes a day after the board of Sebi approved a proposal in this regard
The data looked at companies with a market capitalisation of more than Rs 10 billion as of November 30