The comapny aims to reduce its net debt with this raise through a public offer.
As dismal GDP and job numbers cast a shadow on the markets, analysts say there won’t be a major rally till next Budget
Kotak Securities on Tuesday said it expected National Stock Exchange (NSE) to touch the 13,000 mark by March 2020.
After masala bonds, we’re now exploring issuing dollar bonds,” said Isaac. Dollar bonds are US-denominated bonds that trade outside that country.
The 30-share index was trading 205.24 points, or 0.52 per cent, higher at 39,557.91.
The poll results are likely to have a bearing on trading and increased monitoring helps to keep in check possible manipulations and excessive volatility in the markets.
The total penalty imposed on the non-compliant companies is little over Rs 8.84 crore, according to NSE data.
Other losers were Yes Bank by 5.58 pc to Rs 154.85, Tata Motors DVR by 4.48 pc to Rs 85.35, Tata Steel by 3.22 pc to Rs 471.60 and IndusInd Bank by 3.20 pc to Rs 1394.50.
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
Among the top losers in early session were HCL Tech, Asian Paints, Bajaj Finance, HUL, IndusInd Bank, PowerGrid, L&T, Kotak Bank, ITC and Sun Pharma, shedding up to 4.31 per cent.
The Sensex was mainly dragged by Reliance Industries, HDFC, HDFC Bank, ICICI Bank and SBI, which lost up to 3.35 per cent.
This is the first rise in profit after several quarters for the company. Revenue soared 6.2 per cent to Rs 20,602.2 crore for the three months ended March 31, 2019.
Top losers in early session were Tata Motors, Tata Steel, Yes Bank, Vedanta, HDFC twins, IndusInd Bank, HUL, Axis Bank, Bharti Airtel, NTPC, ICICI Bank, ONGC, Bajaj Finance, Infosys, and more.
IT bellwether Infosys ended 0.63 per cent higher, while rival TCS slipped 0.26 per cent ahead of their quarterly earnings.
Tata Motors, HUL, Kotak Bank, Coal India, Sun Pharma, M&M, Bajaj Auto and ONGC were the gainers, rising up to 4.68 per cent.