Fintech Briskpe will use the capital to strengthen its product and service offerings, build up its team, and scale its reach to enable more Indian businesses to set off on their global journey with seamless cross-border payments.
Lodha, a leading realty developer, anticipates expanding its project portfolio and achieving higher pre-sales in FY 2024-25, buoyed by a robust housing market outlook. With a projected addition of projects worth over Rs 21,000 crore, the company aims to build upon its previous year s success. Lodha s strong operating cash flow and low leverage position it well to capitalize on market opportunities.
With flat growth in annual premium equivalent and a dip in the value of new business, HDFC Life s investors may need to rethink expectations as growth slows and valuations remain high
The developer recently raised $400 million or over Rs 3,300 crore from investors including Invesco Oppenheimer, Blackrock, Carmignac, APG and HDFC Life through a qualified institutional placement (QIP) issue. This was the fourth equity raise by Lodha in the last 36 months totalling Rs 13,000 crores of capital including its initial public offer (IPO) in April 2021.
Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.