Embassy Developments has secured board committee approval on July 6, 2026, to increase its private placement NCD issuance cap from ₹400 crore to ₹1,570 crore. The senior, secured, and unlisted debentures will be used for refinancing existing indebtedness, project construction, working capital requirements, and other general corporate purposes. According to the regulatory filing, the company has received enabling authorization to raise the additional fundraise on a private placement basis in one or more tranches. The NCDs are senior, secured, redeemable, unrated, and unlisted instruments with a face value of ₹1,00,000 each and are not proposed to be listed on any stock exchange.
Several stocks witnessed significant trading activity with Embassy Developments leading the surge as shares rose as much as 6% to hit an intraday high of ₹65.75. According to market reports, the stock was witnessing heightened trading activity as volumes jumped 2.5 times to 54.67 lakh shares compared with an average volume of 21.88 lakh shares. On the National Stock Exchange (NSE), trading volume jumped 2.4 times to 4.97 lakh shares compared with an average volume of 2.05 lakh shares. The BSE saw 5.22 lakh shares change hands compared with an average of 31,000 shares traded daily in the past two weeks.
The strong performance was driven by robust pre-sales figures, with the company reporting pre-sales of ₹888 crore in the June quarter compared with ₹198 crore in the same period last year. As reported by market sources, the company's collections in Q1 jumped to ₹496 crore from ₹322 crore in the year-ago period. This significant improvement in sales performance contributed to the positive market sentiment and the stock's strong intraday performance.
The Indian equity benchmarks were on track to end lower for a second straight session on Wednesday, July 8, as market sentiment turned cautious after tensions in West Asia resurfaced. According to market reports, the SENSEX fell as much as 625 points and NIFTY50 index touched an intraday low of 25,236, dragged down by losses in index heavyweights like Reliance Industries, ICICI Bank, Axis Bank, ITC, Bharti Airtel and Hindustan Unilever. As of 12:07 pm, the SENSEX was down 536 points at 77,645 and NIFTY50 index declined 162 points to 24,237.
HPCL shares declined as much as 4.47% to touch an intraday low of ₹387.60 after crude oil prices jumped in global markets. According to market reports, crude oil prices rose 3% higher due to tensions in West Asia. Meanwhile, BPCL trading volume jumped by 1.6 times to 65.64 lakh shares compared with an average volume of 41.65 lakh shares. The stock also saw trading volume jump 1.9 times to 41 lakh shares compared with an average volume of 21.87 lakh shares.
