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Fear gauge index India VIX jumped 15% as all sectoral indices were trading in the red today.

The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band

As of 31-Dec-2022, promoters held 38.15 per cent stake in the company, while FIIs held 17.77 per cent and domestic institutional investors had 6.23 per cent.

Global brokerage Macquarie also echoed the view saying that amid all the gloom and doom in global banks, Indian lenders are distinguished with hardly any exposure directly or indirectly to SVB.

"The market is opening the scope for 17,250 and 17,000 levels on the lower side. The structure of the index is negative, indicating that downside risks are increasing. The VIX is rising, indicating that the market is becoming more volatile. Today, we opened positive but fell to surpass the immediate hurdle of 17,535 and drifted lower. We believe that sell on bounce could continue and that 17,535 could act as a hurdle. "

The stock traded at a P/E multiple of 75.45, while the price-to-book value ratio stood at 5.36.

U.S. interest rate futures surged and a hard-running rally in short-term bonds extended, putting two-year Treasuries on course for their best three-day gain since Black Monday in 1987.Bank stress and the resultant shakeout of loan books mean higher borrowing costs, said Akira Takei, fixed income portfolio manager at Asset Management One in Tokyo, with the resulting pressure in the real economy making further hikes difficult

A total of 242,185 shares changed hands on the counter till time (IST).

Promoters held 75 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.11 per cent, DIIs 2.89 per cent.

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