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Board of Edelweiss Financial Services approves fund raising up to Rs 6500 cr

SPARC adds over 8% in two days

Sun Pharma Advanced Research Company (SPARC) jumped 6.87% to Rs 197.50, extending gains for the second day. The stock has added 8.57% in two sessions, from its recent closing low of Rs 181.45 recorded on 6 May 2021. In the past one month, the stock has zoomed 17.53% while the benchmark Sensex shed 0.08% in the same period. On the technical front, the stock s RSI (relative strength index) stood at 69.860. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 165.45, 176.10 and 175.73, respectively. In a regulatory filing made on Sunday (9 May 2021), SPARC said that its board will meet on Wednesday, 12 May 2021, to consider and evaluate proposals for raising of funds in one or more tranches by way of issue of equity shares or securities/warrants convertible into equity shares of the company, through pe

Board of Sun Pharma Advanced Research Company to consider fund raising options

On 12 May 2021The Board of Sun Pharma Advanced Research Company will meet on 12 May 2021 to consider and evaluate proposals for raising of funds in one or more tranches by way of issue of Equity Shares or Securities/ Warrants convertible into Equity shares of the Company, through permissible modes including by way of Preferential Issue, subject to the receipt of necessary approvals. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committe

Sun Pharma Advanced Research Company Limited board to consider fund raising proposal on May 12, 2021

Sun Pharma Advanced Research Company Limited board to consider fund raising proposal on May 12, 2021
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