The index was lifted by Coforge being the top performer surging nearly 3% at Rs5,746.25 per piece.
A CRISIL Ratings analysis of 18 large road EPC developers, with cumulative turnover of ~Rs 65,000 crore, indicates as much.
The rating of Basel III Tier II Bonds has been reaffirmed at BWR A+ (Stable) and Innovative Perpetual Debt Instruments reaffirmed at BWR A (Stable).
If the impact of the third wave/ Omicron outbreak turns out to be much more severe than expected earlier, the industry could see an accelerated process of mean-reversion of spreads in FY2023.
BCL Industries hit an upper circuit limit of 5% at Rs 361.95 after the company said that the commercial production at Ethanol plant of its subsidiary is expected to commence before end of financial year 2021‐22.
JSW Steel reported a group combined crude steel production of 5.35 million tonnes (MT) for Q3 FY22, rising 28% over 5.07 MT in Q3 FY21, including the production at jointly controlled entity viz. JSW Ispat Special Products (JISPL).
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