• Trades at a record high
• Second best performer on the Nifty 500 index
• Gains as much as 9.6% to Rs 9,777
• Biggest single-day gain in five months
• Up for the sixth straight day
• Has gained 20% in the last six trading sessions
• Today's volumes are more than quadruple its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 79
• Has now gained over 300% from its 52-week low of Rs 2,430 on September 17, 2019
• 12 out of the 17 analysts tracking the stock have a buy recommendation
• The stock trades 22.5% higher than its 12-month consensus price target of Rs 7,443, implying a negative return potential

The company's Board of Directors approved the launch of a QIP on Wednesday in order to raise funds.

The floor price of the QIP was set at Rs 1,798.2 per share, which was a 2.1% discount to Monday's closing price.

The company may offer a discount of not more than 5% on the Floor price, as per the SEBI guidelines.

Shares gained as much as 2.9% to trade at an all-time high of Rs 1,890. The stock is up for the third straight day.

• Benchmark indices trade little changed
• Nifty up 0.2% at 11,380
• Sensex up 0.3% at 38,535
• Nifty Bank down 0.2% at 22,902
• Nifty Midcap index unchanged
• Nifty Smallcap index up 0.3%
• India Volatility Index flat at 22
• Nifty I.T. is the top sectoral gainer; up 1.3%
• Nifty Pharma is the only other sectoral gainer; up 0.4%
• All other sectoral indices trade flat with a negative bias
• BPCL is the top Nifty gainer; up 2.1%
• Bharti Infratel is the top Nifty laggard; down 3.5%
• 878 stocks on the NSE trade with gains while 782 decline

The rupee has opened lower for the second straight day after ending as the worst performing currency in Asia on Monday.

The currency opened at 73.63 against the U.S. Dollar as compared to Monday's close of 73.35.

Strength in the Chinese Yuan, weakness in the U.S. Dollar and inflows will keep the currency supported, according to CR Forex.

Yield on the 10-year government bond opened at 6.02% as compared to Monday's close of 5.994%.

Cogencis reported Monday that the government's market borrowing may exceed the Rs 12 lakh crore mark.

DCB Bank believes that the market is testing the Reserve Bank's resolve to keep yields low.

• Revenue down 10.5% to Rs 280.1 crore
• Net profit up 24.7% to Rs 83.2 crore
• Ebitda up 3.5% to Rs 104.6 crore
• Ebitda margin at 37.3% from 32.3%
• Billing down 44% to Rs 188.6 crore
• Exceptional loss of Rs 8.2 crore in the base quarter
• Lower advertising costs and other expenses aid margins
• Recruitment solutions revenue down 8.8% to Rs 200.2 crore
• 99acres revenue down 25% to Rs 42.5 crore
• All numbers are standalone and compared on a year-on-year basis

Brokerage firm Axis Capital has maintained its Add rating on the stock and raised its price target to Rs 3,570 from Rs 3,115. Axis Captial sees further upside on the stock led by reduction in cash burn for new ventures led by Zomato.

Shares gained as much as 4% to Rs 3,424, post the announcement. The stock has snapped a three-day losing streak.