For some 6 counters from the largecap basket, the closing price has gone above last month’s high. This is a bullish indicator as it indicates that the stocks are moving upwards and have crossed the last month’s high.
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake.