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The mortgage lender has called a board meeting next week to consider this plan. The size of the proposed fundraising was not disclosed.

“FMCG companies are going to be hit by higher input prices and so margins will take a hit because they are passing on all the higher input prices. So even if you are hiding in what would usually be a defensive sector, because of the Russia-Ukraine war and because of higher input prices,earnings will be cut for a lot of these companies. So if you got some cash, it is not a bad place to be.”

In the last 12 sessions, the Nifty auto index has closed with a cut in eleven instances. The index has fallen 14 per cent in the period. The selling has only intensified in the last few days in March.

“Originally I thought we will probably see a drop in terms of new user acquisition when the market would have a drawdown. But at least for now, it is sustainable. Last Thursday, when the markets were down 5%, we opened the maximum number of accounts in a single day till date. A lot of people are tracking the markets and are looking for opportunities to enter the market.”

As of 31-Dec-2021, promoters held 38.18 per cent stake in the company, while FIIs held 18.57 per cent and domestic institutional investors had 3.14 per cent.

The crypto community, particularly in India, is getting an adrenaline rush with big names joining the crypto and blockchain space. They are seeing it as a good omen for the industry at large, with a hunch of more additions soon.

​In the past, every time foreign investors pulled money out of India, the market would buckle under selling pressure. But thanks to heavy domestic flows, that selling is being offset now.

The stock quoted a 52-week high price of Rs 371.15 and a 52-week low of Rs 229.65.

A total of 26,314 shares changed hands on the counter till 02:05PM (IST).

Data released by the NSDL shows that FIIs have pared their holdings of domestic stocks by a massive Rs 77,085 crore. Taking into account the Rs 38,521 crore of net sales from October to December of 2021, the FII outflows are at their largest since the global financial crisis of 2008.