Interestingly, the step has been taken for a total list of 479 stocks, of which, the circuit limit of 195 stocks have been revised from existing 10 per cent to 20 per cent including

A corporate action is a publicly-declared event by a firm that affects its shareholders, either directly or indirectly. 

The idea is that people will spend less if borrowing money or carrying a balance on a credit card costs more.

The company also intends to develop its own website, sell on other e-commerce platforms, open stores for speedy delivery, and tie up with other vendors along with offline & online marketing to increase its revenue through the use of new technology

The share surged 12 per cent on the day.

The funds raised through the issue will be used for repayment or pre-payment of a portion of certain outstanding borrowings availed by the company and its subsidiaries as well as for other general corporate purposes.   

On Friday, Indian equity markets ended on a flat note. Nifty 50 closed the last trading session of the week at 17,314.6 in the red territory, marginally down by 0.10 per cent. Top gainers of the index were Titan, Power Grid Corporation, ONGC, IndusInd Bank and Grasim. 

Indian indices closed on a flat note after a volatile session while Nifty managed to close above 17,300 level. The mid-cap, as well as small-cap indices, ended on a mixed note.   

Nifty 50 started lower on the back of negative global trends. In this post, we have highlighted top stocks with powerful technical setup even in the volatile market.

Given the uncertain environment and slowdown in global growth, CY22 could be a challenging year for the markets; opines Surjitt Singh Arora, Portfolio Manager, PGIM India Portfolio Management Services