When stocks are chased by a wave of liquidity, picking up shares of companies where foreign portfolio investors (FPI) have higher holdings is a no-brainer.
Amtek is grappling with financial issues & its shares have also taken a beating in recent weeks, while exposure to its bonds have created ripple effects.
Indiabulls Housing Finance plans to raise up to $1 billion (about Rs 6,674 crore) through private placement of shares to institutional investors to meet its capital adequacy requirements and funding needs.