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The net proceeds of the fresh issue will be used for setting-up of 25 new stores, two warehouses, to support working capital requirements, payment of debt and for general corporate purposes.

The company has delivered 33 projects with saleable area of 19.5 million square feet, mostly in the cities of Bengaluru and Chennai. It has a strong development pipeline comprising 54 projects with aggregate development potential of 54 million square feet, as of September 30, 2022.

Fed rates peaking next year and China finding stability are seen providing Asia with "more policy room and easier financial conditions," BofA said in a note. This would allow for portfolio inflows into Indian assets, it added.

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“In the case of Tata Motors particularly, JLR has been a trouble spot and that is where the company is struggling big time. If any kind of financial restructuring is taking place on this particular front, Tata Motors would be the bigger beneficiary. The PV portfolios, the CV portfolio and the demand scenario in the country suggest that the domestic market situation remains extremely strong for Tata Motors.”

GSPL’s 2Q EBITDA of Rs 333.8 crore ( down 7% QoQ) was 2% ahead of Kotak Institutional Equities’ estimates. With high gas prices, and also shortfall, the gas supplies to each key segment (except fertiliser) have declined—the worst impacted being the power sector and I&C demand for CGDs (Morbi area, particularly).

As mutual funds are significant buyers of Indian stocks, some of the top 10 smallcaps wherein mutual funds picked stake in October include

A few days earlier, the company told bourses that it proposes to acquire 51% of the equity shares capital of Isabella (Pvt.) Limited, a Sri Lankan manufacturer of apparel and related products player.

The industrial and logistic asset class is expected to outperform other real estate and Infrastructure asset classes in times to come. The sector has attracted investments of Rs 8,257 crore since the beginning of the year.

​​For the quarter, Consolidated Revenue from Operations came in at ₹715 crore, up 16%. EBITDA grew 11% to ₹64 crore compared to ₹58 crore in Q2 FY22. For the Consumer Appliances business, Revenue from Operations came in at ₹254 crore in H1 FY23, registering a healthy growth of 42% Y-o-Y. EBITDA grew by 119% on a Y-o-Y basis to ₹16 crore.