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The funds would be raised by way of private placement of redeemable NCDs to be issued in one or more tranches as may be decided by the board or a committee thereof from time to time, it said in a BSE filing.
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People ought to focus on the larger infrastructure companies where the overall earnings visibility and quality is better than the smaller ones, says
Hemang Jani, Equity Strategist & Senior Group VP,
MOFSL.
On Nestle numbers
The overall trend of the consumer companies has been that on the volume growth front, things are pretty much okay but there are some margin pressures. The important takeaway from Nestle was that the online sales have grown very rapidly. Nestle and some of the consumer companies are low growth on volume front but are more of a structural story. I do not think the market is going to get perturbed by some disappointment on the margin. This remains a little stable high quality blue chip company which investors prefer for the kind of growth that it gives over a period of time. There are no major disappointments and the stock may remain a bit subdued. Overall, we continue to have a neutral rating on the stock.
Sensex, Nifty likely to open lower
February 17, 2021
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Stocks likely to witness some action: APSEZ, Ashok Leyland, Heritage Foods, InterGlobe Aviation, Infosys, KEC International, L&T Finance Holdings, Muthoot Finance, Page Industries and, TVS Srichakra Global cues and SGX Nifty index signal that domestic markets are likely to open in negative territory with at least 0.75 per cent down. The SGX Nifty, which currently rules at 15,240 at Singapore Stock Exchange, indicates an almost 100-point gap-down for Nifty50 index futures, which on Tuesday closed at 15,330.
Markets across Asia-Pacific region are also ruling in red, with benchmarks of Japan, Hong Kong, Australia, the Philippines and Korea declining between 0.5 and 1.5 per cent.