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Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.

“The second half will be equally important. We will have to review whether there is any pivot from the central banks as far as interest rates are concerned, any review on the war situation and then we should take our stance. The market broadly will be range-bound and some of the existing themes will continue to do better.”

In the first trading day of the year, the partially convertible rupee ended at 82.7375 per dollar, against its previous close of 82.72.It touched a near three-week high of 82.5675 early in the day, which dealers said was likely due to short USD/INR positions being built.

At close, Nifty ended higher with gains of 92 points at 18,197, while Sensex added 327 points to settle at 61,168. Broader markets outperformed benchmarks, with Nifty Midcap 100 ending nearly 1% higher.

The investor held 50,95,490 equity shares or 1.97% stake In the company as of Q3. This marks an increase in stake by 0.63% as Agarwal held 1.34% stake in the September quarter.Around 3 pm, the stock traded with gains to the tune of over 2% at Rs 71.75 per share on the NSE. While, on the BSE, it hit the day’s high of Rs 72.05 apiece.

The Tesla CEO has seen his wealth tumble in recent weeks after shares of the electric car maker tumbled.

The expectation of a positive start for equities is also backed by the historical performance of the benchmark Sensex on the first trading day of a year in the last 22 years.

Founders Prannoy Roy and Radhika Roy will receive a little over Rs 602 crore for selling 27.26% stake in the news broadcaster to Adani Enterprises at a per-share price of Rs 342.65.

Public sector banks have outperformed private banks in the recent past. Banks also expect margin trajectory to remain robust, while an improving asset-quality resolution should provide further fuel to profitability.