"The company board will meet shortly to enable workout for further fund raising plan after the rights issue of Rs 400 crore. There are options for ECBs and Rupee loans from banking channels to reduce the cost of debt. Fully, hedged ECBs will cost around 11 per cent far less than existing rates. However, it may be in combination of Rupee and foreign currency loan," sources aware of the development told PTI.
Porinju Veliyath holds at least 19 stocks in his portfolio with an investment of over Rs 210 crore, according to Trendlyne.
Thyrocare Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 6069.19 Crore) operating in Hospitals & Allied Services sector.
A total of 84,275 shares changed hands on the counter till 12:13PM (IST).
“350 out of the CNX 500 stocks, that is 70% of the index constituents, have corrected 10% plus from their 52-weeks high. So, an in-born correction is starting to take place which is masked by the fact that due to sector rotation, the index has not really corrected as much.â€
“Break the FMCG and the cigarette business and the food business and there is a huge potential as far as valuation is concerned. The stock can easily go to Rs 350-400 levels â€
“Do not extrapolate the last 18 months’ returns into the next 18 months. Please moderate your expectation on the return side otherwise one can get disappointed.â€
Morgan Stanley has enlisted five stocks ideas for 2022 for investors to play the sustainability trend
Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said: Gold continues to trade near June highs, however, the momentum has stalled amid mixed factors. Increasing demand for gold is supporting prices amid rising inflation and choppiness in equities.
Though some analysts recommend booking profits in Sigachi now, others believe investors should ride the rally.
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