Union Bank, Balrampur Chini & Aavas Financiers: Axis Securities shares weekly technical picks

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Axis suggested weekly technical stock picks with a potential upside of up to 20 per cent.   Axis Securities said the benchmark Nifty50 saw profit booking around the 23,800 zone recently. For the week, the domestic brokerage expects the index to trade within a broader range of 24,250-23,000 while sub-index Nifty Bank could trade within the…

Tata Projects to raise funds at Rs 6,700 cr valuation through rights issue

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Tata Projects, the construction subsidiary of the Tata Group, is raising Rs 2,500 crore through a rights issue at a valuation of Rs 6,700 crore. According to a company filing, the rights issue is priced at Rs 163.1 per share, which includes a premium of Rs 158.10. Shareholders participating in the issue include its largest…