Analyst remain bullish as the board meets on October 5 to take a decision on the fundraising plan. The NBFC is likely to take the QIP or/and preferential issue route, with four investment banks shortlisted for the purpose
A short build-up was seen in 62 stocks, including RBL Bank, Larsen & Toubro, Alkem Laboratories, IDFC First Bank, and LTIMindtree. An increase in OI along with a fall in price points to a build-up of short positions.