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The company will raise Rs 1,581 crore through its initial stake sale. The company will issue fresh equity shares worth Rs 280 crore and existing shareholders and promoters will offload 2.4 crore equity shares from their stake through OFS.

Fujitsu rose 2.17% after a report said the computer maker was weighing a sale of it scanning business to office equipment maker Ricoh, which fell 1.08%.

The continent-wide STOXX 600 rose 0.6% after plunging nearly 2% on Monday on worries of an economic slowdown in China and rapid U.S. interest rate hikes.

“We have been quite conservative in giving calls on the staple companies for the last one or two quarters because inflation was there, demand was under pressure and above all, the margins of most of these staple companies have risen in the past five-seven years. We are not very keen on say stocks like Britannia. HUL and Dabur look relatively better to us but one should have very moderate expectations in the entire space. ”

Switzerland-based Holcim that globally merged with French rival Lafarge in 2015 to create a mega entity LafargeHolcim – a European cement and buildings material giant -- was forced to go through several restructurings to comply with anti-trust regulators around the world, by divesting assets across Europe and Asia, including India.

The demand-supply balance sheet remains bullish for castor seed from a broader perspective. The estimated consumption for 2021-2022 is around 19-20 lakh tonnes (LT). For the same period the expected production plus the carry over inventory may be just near to 20-21 LT, meaning a tight supply situation.

After two trading halts earlier in the session, the Colombo Stock Exchange said the market will be closed for the rest of the day following a 10% slump in the blue-chip S&P SL20 index. The market shut just half an hour into trading on Monday.

The Relative Strength Index of the stock stood at 67.44 on Tuesday.

The largest memetoken raced past the likes of Polkadot and Avalanche to enter the top 10 tokens with a marketcap of $21.2 billion, as the data from coinmarketcap suggested.

“Quite a few sectors are impacted by input price pressures and obviously the demand is not picking up. We are short term in those sectors: autos is the obvious one, then consumer durables is another one, paints is another one so these are the few that we have shorted across the board there. In the domestic portfolio, we have been trimming back out IT exposure."