India Infradebt is planning to raise Rs 1,000 crore through bonds maturing in about two and half years, sources have said.The bidding will take place between 11 am and 12.30 pm on the electronic bidding platform of BSE. Bonds consist of a fixed coupon of 8.2450 percent and an XIRR (Extended Internal Rate of Return) of 8.28 percent.The bond issue has a base issue size of Rs 500 crore with an additi...

Timing it rightIt is impossible to catch the top or bottom as the stock market adage goes, but Tata Sons seems to have come pretty close. From the day it sold a piece of its stake in TCS to institutional investors in March at Rs 4001 apiece through a block deal, the stock price has rarely topped that level. This is causing heartburn to some domestic mutual funds that had enthusiastically participa...

The market staged a rebound after significant correction from record highs, but its sustainability will be tested in coming sessions. If Nifty 50 corrects, it may try to take support at 21,900, the low of the last big bearish candle (May 9), also coinciding with a rising support trendline. However in case of further recovery, it may face a hurdle at 22,200-22,300 levels, experts said.On May 10, th...

The strongest argument for defense stocks at this point is their bulging order books. Of course, the market is ignoring execution risks right now because the quarterly earnings growth so far has not given any cause for worry. But there is another risk that the market may be overlooking, according to a senior portfolio manager Short Call spoke to.If defense companies continue to make super profits,...

BPCL shares have been continuously trading above the major moving averages and have formed good base around 600-610 levels on the lower side. According to Arun Kumar Mantri, Founder Mantri Finmart, the stock has taken support around 20-DMA and is set to test the upper Bollinger band which is pegged around 635-640 levels.Mantri recommended taking a Bull call strategy on BPCL stock to capture this m...