This is the fourth straight quarter of loss for the company
The net proceeds from the issue are to be utilised towards payment of loans and general corporate purposes
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The stock surged 10% to Rs 548 in noon deal, extending its Friday's 9% surge on the NSE.
The stock locked in upper circuit for the second day in a row, up 10% at Rs 15.22 on the BSE, after media report suggested that the company has received interest from 18 bidders.
The stock was locked in upper circuit of 20% at Rs 5,401, also its 52-week high on the BSE.
The stock gained nearly 4% to Rs 345 in intra-day trade, extending its Friday's 6% surge on the BSE
The stock surged 20% to Rs 895, also its record high on the NSE after DSP Blackrock Mutual Fund bought more than one percentage point stake in the company through open market
The ETF will invest in 22 stocks from CPSE, SUUTI and PSU Banks listed on BSE of which 19 will be public sector companies
Royal Orchid Hotels hit a 52-week high of Rs 156, up 16%, and Speciality Restaurants rallied 8% to Rs 127 on the BSE in intra-day trade
In past three weeks, Axis Bank outperformed the market by gaining 26% against 2.5% rise in the S&P BSE Sensex
The stock listed at Rs 749, 6% below its issue price of Rs 800 per share offered to QIBs and NIIs. The company issued shares at Rs 770 to retail individual investors and eligible employees
The telecom firm posted its fourth straight quarterly loss on Monday
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