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The paint manufacturer reported a decline of 84.49 per cent in its consolidated net profit to Rs 19.17 crore for the fourth quarter ended March. The company had posted a net profit of Rs 123.62 crore in the January-March quarter a year ago.

If the stock manages to hold onto crucial support levels of Rs 1,500, then a bounce back towards Rs 1,640-1,680 is possible, suggest experts.

On the technical charts, the 200-day moving average of the stock stood at Rs 377.76.

According to the data from BSE, investors made bids for 18,78,450 equity shares or merely three per cent of the 6,25,41,023 equity shares offered for bidding by 11 am on Wednesday.

As of 31-Mar-2022, promoters held 28.23 per cent stake in the company, while FIIs held 34.31 per cent and domestic institutional investors had 11.22 per cent.

Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.

The principal payment of ₹24 crore and interest of more than ₹2 crore for the NCDs were payable by Monday, the company informed the stock exchanges on Tuesday. "The company is unable to service its obligations in respect of the principal and interest on non-convertible debentures that was due on May 9, 2022," the filing said.

The regulator initiated suo motu action as the power exchanges started T+1 contracts, which enable settlement in 24 hours, without permission. The states alleged that the power exchanges enabled sellers to move to the uncapped term-ahead market, a bilateral market, said people aware of the matter.

The central bank is said to have sold dollars in the futures market and the offshore non-deliverable forwards (NDF) markets to prevent a drawdown for now on its foreign exchange reserves that are just shy of $600 billion currently.

Since 2011, the Competition Commission of India has looked at 16 cement acquisitions, in eight of which it has given a "long form merger notifications"- a legalese for cases where the combined market share of the target and acquirer exceeds 15% market share in a relevant geographical market.