Some investment bankers argued that the reason for tepid fundraising through QIPs and rights could also be due to the fact that companies this year were not in need of large capital
Aditya Birla Capital, Kansai Nerolac, Vodafone Idea, Adani Transmission and Hindustan Aeronautics were up 2% to 5% on the BSE in Muhurat trading on Saturday evening.
Indiabulls Ventures, Firstsource Solutions, NIIT Technologies, V-Mart Retail and MindTree gained 61 per cent to 84 per cent and were the top performers among the BSE 500 pack.