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The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes.

However its "gross margin during the quarter was lower by 508 bps as compared to Q2 2021, due to continued inflationary pressures on costs, particularly on prices of barley and packaging materials," said UBL in its earning statement.

"Indian equities have only two headwinds for the next one year; each from economic and geopolitical perspectives. From an economic perspective, rising interest rates could act as a demand dampener for the export business of several Indian companies, thereby impacting the exports. On the geopolitical front, while the Russia-Ukraine war will remain a long lasting warring effort from both sides, we cannot be sure whose ego bubble will burst first, as now the tactical nuclear angle is also being explored."

Going ahead, easing supply-side constraints and lower demand in the impending winter season, an increase in liquidity on the exchange platform leading to reduction in prices is likely, which will provide opportunity to discoms to optimize their power procurement and commercial and industrial consumers to buy cheaper power it stated.

Promoters held 29.3 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 49.97 per cent and 6.42 per cent, respectively.

A stable tax environment for cigarettes in recent years has allowed ITC to calibrate price increases to avoid a disruption in demand. We expect this trend to continue, which should result in improved cigarette volumes and earnings visibility over the medium term, Motilal said.

Max Financial Services Ltd. key Products/Revenue Segments include Income From Dividend, Income From Sale Of Share & Securities, Sale of services, Rental Income and Interest for the year ending 31-Mar-2022.

Bank Nifty weekly expiry option chain reflects on PE writers building positions at 39000 strike - overall more than 65 thousand contracts, with CE writers adding up equal and fair exposures at 41000-42000 strikes - over 60 thousand contracts each as well, which reflects on the broad range in between 39000-42000 zones for the index.

The stock quoted a 52-week high price of Rs 514.8 and a 52-week low of Rs 322.1.

A total of 13,969 shares changed hands on the counter till 12:23PM (IST)