Latest Stock Market News

The bond, expected to be priced 145-150 basis points above the five-year US treasury rates, is being sold through six lead managers that include JPMorgan and HSBC.

The IPP solar portfolio, located in five key states in India, is backed by long-term power purchase agreements-about 75% of assets with central government entities and the remaining with distribution companies backed by state governments.

>> For more such web stories click on the ET icon below

Despite the general industry issues with asset quality and mortality, we were able to maintain a pristine balance sheet. All the numbers are broadly on track, and no adverse variances are anticipated.

Perpetual bonds do not have a maturity date, although the call option implies that the issuer has the right to redeem the bonds on a fixed date. The appeal of such securities for investors stems from the fact that they typically pay a higher interest rate than many other fixed-income instruments.

>> For more such web stories click on the ET icon below

Revenue from operations of the company witnessed a growth of 2.97 per cent during the quarter under review at Rs 522.62 crore compared to Rs 507.54 crore in the same period of the previous fiscal.

IT company Persistent Systems reported a 25.1% YoY growth in net profit for Q4 2022-23 to INR 251.51 crore, while revenue in the reporting quarter was up by 26.3% YoY at INR 2,254 crore. However, compared to the preceding December quarter, growth was slower, increasing only by 3.9%. Persistent Systems is expecting highly challenging conditions in the first half of FY24, as the demand environment is “tough”. The company is hopeful of doubling its revenue to over $2bn in the next four years. The operating profit margin stands at 15.4%.

The Nifty needs to hold above 17,717 zones to witness an upward move towards 17,850 and 17,950 zones, according to Chandan Taparia of Motilal Oswal. On the downside, support is placed at 17,620 and 17,550 marks. Volatility has sunk to hover at its lower band, with options data suggesting a shift in the trading range between 17,500 to 18,000 zones. The PCR Ratio for Nifty settled at 1.01, indicating a mildly bullish trend. However, immediate support is around 17,650-17,600 levels, warned Nagaraj Shetti of HDFC Securities.

Analysts at Bob Capital Markets had noted that the cost of key fuel in cement making - imported coke and coal - had softened at the end of the third quarter of fiscal 2023, continuing into the fourth quarter.