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The company is planning to issue a six-series bond offering maturing in three, six, nine, 15 and 18 years with staggered redemption. It also aims to issue 18-year bullet redemption bond to raise 1.70 billion rupees.

The quota for retailers was subscribed 27.01 times whereas the portion for non-institutional investors fetched 15.66 times bids, and the allocation for qualified institutional bidders was booked 1.10 times.

Promoters held 0.22 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 39.18 per cent and 21.42 per cent, respectively.

Investors are anxiously awaiting the release of Fed minutes of the December meeting, which would hint whether the US central bank has slowed down its tightening path. "Inflation might prove to be harder to bring down and that should keep the risks elevated that the recession that hits the US economy could be harsher than what most are anticipating. The Fed will remain loud and clear that a lot of work remains to bring down inflation," said Edward Moya of OANDA.

Gold price on Wednesday increased by Rs 397 to Rs 55,927 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 397 or 0.71 per cent at Rs 55,927 per 10 gram in a business turnover of 14,350 lots.

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The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 98.0.

A total of 664,917 shares changed hands on the counter till 02:14PM (IST)

On the technical charts, the RSI of the stock stood at 53.6.

We first looked at the average daily turnover of each bucket of stocks. On average, a large-cap stock has Rs. 270 cr of volume traded daily vs. Rs. 52cr for mid-caps vs. Rs. 6cr for small caps.