Sterling and Wilson Renewable Energy Ltd (SWREL) has announced that its board will meet on September 27 to discuss raising funds through the issuance of bonds or equity. The company is considering options such as preferential issue, qualified institutions placement, rights issue, or a combination thereof. SWREL aims to become a debt-free company and improve its valuation through this fundraising.
This article explores why 10 stocks have witnessed a decline in RSI and why assessing stock movements based on RSI is crucial. Join us as we analyze these stocks, offering insights for potential investors in their decision-making process.
One of the options under consideration is placing shares with investors through the qualified institution placement (QIP) route, the people cited above said.
In this article, we delve into the world of stocks that have witnessed their Relative Strength Index (RSI) trending down, as reported by StockEdge on September 5, Tuesday. ETMarkets has singled out these 11 stocks to provide insights into what this trend may signify.