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According to reports, the company said this amount is proposed to be raised by the issuance of securities, including bonds, debentures, non-convertible debentures (NCDs) and commercial papers of any other marketable instruments in one or more tranches on private placement or any other mode.

"We might witness some volatility due to weekly expiry and global scenarios in the near term. Hence, opt for a stock selective approach and avoid aggressive bets," said Sameet Chavan of Angel One.

The company’s consolidated revenue grew by 15 per cent to Rs 492 crore from Rs 427 crore during the period.

The stock quoted a 52-week high price of Rs 45162.9 and a 52-week low of Rs 27287.9.

Best Agrolife has become the first Indian company to manufacture Spiromesifen in India, reports said.

The Relative Strength Index of the stock stood at 49.83 on Thursday.

“Whatever the government has done in the Budget for supporting investments is going to play out but they will have to raise the support through NREGA. They will also have to give some more subsidies as we go through the year because the growth tide will not lift all the boats. And unless all the boats lift, the broad basing of consumption will not happen.”

Shares of Hikal have dropped more than half of its value from its 52-week high of Rs 742 hit in August 2021. The scrip has plunged more than 25 per cent in the year 2022 so far.

Shares of Advani Hotels have almost doubled in the last year, whereas the scrip has jumped about 20 per cent in the last month as Covid cases decreased in the country.

The stock is undervalued, said ICICI Securities, which has a price target of Rs 563.