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Vedanta Resources said it has pre-paid all of its debt that was due for repayment till March 2023, deleveraging by $2 billion in the past 11 months. Further, it is confident of meeting its liquidity requirements for the quarter ending June 2023.

After this equity shares were allotted pursuant to the implementation of resolution plan as approved by NCLT, the aggregate shareholding of the promoter and promoter group in PFL increased to 98.87 per cent of the total issued, paid up and subscribed equity share capital of the company.

"Gold prices bounced back after a pullback seen the other day, as a fresh crisis in the banking sector turned investors turned attention towards the safe haven asset, gold," Prathamesh Mallya, Assistant Vice President - Research, Non-Agri Commodities, and Currencies at Angel One said.

Patanjali Foods is in talks with investors and is confident that it will be able to sail through with the dilution process. The company needs to raise fresh capital, but it does not need the money at this time. The company is looking to deploy the money towards supporting further investments. The company is debt-free and should be able to raise the money through an OFS or QIP.

In February 2023 alone mutual funds infused Rs 12,800 crore and alongside FIIs sold Rs 5,500 crore in the Indian equity markets.

The brokerage estimate 17% CAGR in revenue led by strong growth from UK and Australia & New Zealand and healthy growth from US market over FY22-25E.

The stock quoted a 52-week high price of Rs 1028.75 and low of Rs 656.1.

This will help the company to mitigate the risk of dependence on a single commodity and also improve the ESG rating of the company.

The average target price estimate of BPCL is Rs 375.5, which shows an upside potential of 14% from the current prices. The consensus recommendation from 29 analysts for the stock is a Hold. 17 analysts have strong buy and buy ratings, while four have strong sell and sell ratings.

The stock fell as much as 31%, hitting record lows, and prices on its benchmark bonds sank to levels that indicate the Swiss lender is in deep financial stress something rarely, if ever seen at a major global bank since the throes of the 2008 crisis, the report further said.