Market Updates
Movers: Adani Group, Patanjali Foods, SBC Export, Somany Ceramics, Zee Learn
Arun Goswami
06 Dec, 2023
Mumbai
Stocks in Mumbai advanced for the third day this week after investors bid up infrastructure and government-controlled companies following the state election results.
The Sensex index increased 275.08 points to 69,571.22, and the Nifty index rose 77.55 points to 20,932.65.
On the Mumbai stock exchange, 198 stocks traded at their 52-week highs and 15 stocks traded at their 52-week lows.
Adani Group stocks advanced and led gainers in the 3-day market rally after the Supreme Court's decision last week to conclude a hearing related to allegations of financial misconduct.
Adani Power jumped 8% to ₹582.50, Adani Ports and Special Economic Zone advanced 4% to ₹1,053.75, Adani Enterprises increased 2.3% to ₹3,029.0, and Adani Wilmar soared 6.5% to ₹405.75.
SBC Exports increased 1.1% to ₹32.15 after the company board approved the bonus issue ratio of 1 to 2.
Somany Ceramics jumped 3.5% to ₹720.30, and the company set December 15 as the stock buyback record date.
Zee Learn decreased 1.5% to ₹6.90, and Axis Bank initiated a corporate insolvency proceeding against the company's wholly owned subsidiary, Digital Ventures Private Limited.
Patanjali Foods gained 3.5% to a new record ₹1,570.0 after the company said it plans to increase market share in food segments by keeping its focus on masala and biscuit product lines.
Hindustan Zinc gained 0.3% to ₹326.0 after the company's board approved a second interim dividend of ₹6 per share to shareholders on record on December 14.
The total dividend payment would be ₹2,533.19 crore.
Annual Returns
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Earnings
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