Ind-Ra said the normalisation of economic activities and a conducive rate environment remain supportive for this segment.
The shares of the company on trading closure settled at Rs 121.40 per share on BSE and Rs 120.60 per share on NSE. The shares touched a high of Rs. 125.50 with a premium of 33.51.% on BSE and Rs 127.85 with a premium of 36.01% on NSE.
BSE S&P Sensex closed 1,939 points or 3.8 per cent lower at 49,100 while the Nifty 50 tumbled by 568 points or 3.76 per cent to 14,529. Mid and small-caps outperformed their larger peers as the BSE Midcap and Smallcap indices fell 1.75 percent and 0.74 percent.
The other major losers were Bajaj Finance, Bajaj Finserv, HDFC, JSW Steel and Mahindra & Mahindra. However, Maruti Suzuki gained by 0.3 per cent. Pharma majors Dr Reddy's and Sun Pharma were up by 0.7 per cent and 0.8 per cent respectively.
Keynote address by Shaktikanta Das, RBI Governor in the 185th Foundation Day Celebration of BCC
Axis Bank was up by 3.5 per cent, IndusInd Bank by 3.4 per cent, Tata Consultancy Services by 2.7 per cent and Dr Reddy's by 2.4 per cent.
ED probe found that "SBBEL had diverted the loan funds through its sister units and also by employing the modus operandi of showing bogus and fictitious sale/purchase transactions."
"We are working on restoring the systems as soon as possible. In view of the above, all the segments have been closed at 11:40 and will be restored as soon as issue is resolved," NSE said in a tweet.
With Dr Bina Modi’ strategic guidance, CSR programs have been redefined at Modi Enterprises to ensure integration in corporate strategy and business sustainability. Each group company is using CSR as an effective channel to transform both business and community in a collaborative manner.