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The proceeds from its fresh issuance worth Rs 315 crore will be utilised for the repayment or prepayment of borrowings, in full or part of all or certain borrowings for the company and its subsidiary, Rs 45 crore for acquisition of land or land development rights besides general corporate purposes.

Those offering shares in the OFS include Vectra Investments, MIL Vehicles & Technologies, Overseas Carpets, RS Computech, Navratan Samdaria, Dinesh Kumar Aggarwal and Pankaj Garg.

“Granted that there is a probability that the markets could be lower a few weeks from now, what do you do today? Do you buy or not buy? My sense is that you have to buy but don’t put all your money in at this time; stagger it. Crisis is always a U-shaped opportunity and not a V-shaped opportunity where you have to buy today, otherwise you miss the boat. With the U-shaped opportunity, you can buy anywhere along the bottom. ”

“I feel we are closer to the correction completing itself in the next month or so and not to be worried about capital erosion from this point of time. If one is a long-term investor, one does not have leverage and stock picking is good, this can call for a good reason to churn the portfolio, weed out the portfolio and make sure to hold on to your winners.”

Tata Teleservices (Maharashtra), Solara Active Pharma Sciences, Vaibhav Global, Sequent Scientific, Jubilant Pharmova and Spandana Sphoorty Financial need to rally 133-183 per cent to revisit their 52-week highs.

“While examining all the political and global implications, one needs to simplify and ask where should I be now depending upon? What is going to translate? Very clearly, oil price hikes are coming our way post elections and that is going to hit consumption. Consumer stocks would be the first one one needs to bail out of because they will take a long time to come back.”

Women users have seen a growth of 130 per cent on a year-on-year (YoY) basis with an average ticket size of up to Rs 18,000-19,000, revealed a study by the platform.

Investors would watch out for any sharp drop in seats or vote share but added that the reaction will get over in 2-3 days and the market will shift focus to other key triggers.

The Indian currency hit a record low of 77.0280 per dollar on Monday as against 76.1600/$1 at previous close.

The stock traded at a P/E multiple of 87.46, while the price-to-book value ratio stood at 16.45.