Movers: Allcargo Logistics, Cochin Shipyard, DOMS, Inox India, India Shelter Finance, Indian Bank, Mazagon Dock, Praveg, UltraTech Cement

Arun Goswami
21 Dec, 2023
Mumbai

Stocks in Mumbai struggled to advance after benchmark indexes plunged 1.5% in the previous session on the twin worries of rising coronavirus cases and the rate-path outlook.

The Sensex index decreased 233.80 points to 70,272.51, and the Nifty index fell 41.05 points to 21,085.09.

On the Mumbai stock exchange, 33 stocks traded at their 52-week highs and 20 stocks traded at their 52-week lows.

Zee Entertainment Enterprises rose 4.5% to ₹263.30 after Sony India agreed to discuss a possible merger extension deadline with the company.

Mazagon Dock Shipbuilders added 3.7% to ₹263.30 after the company won a ₹1,615 crore order to build six vessels from the defense ministry for coast guards.

Cochin Shipyard increased 2.9% to ₹1,266.85 after the company won a ₹488 crore contract from the defense ministry.

UltraTech Cement edged down 0.3% to ₹9,861.90 after the company agreed to acquire a 26% stake in Clean Max Terra.

Allcargo Logistics gained 3.7% to ₹282.60 after the company scheduled a 3-to-1 bonus to shareholders on record on January 2.

DOMS Industries Ltd. jumped 1.1% to ₹1,341.0 after the stationary products and arts supplies maker listed its stock and priced its initial public offering on Wednesday at v790 per share.

Inox India, or Inox CVA, priced its initial public offering at ₹660 per share and raised about ₹1,459 crore.

Inox India surged 44% to 949.70 on the first day of its trading on Thursday.

India Shelter Finance Corporation increased 1.1% to ₹549.70. The home financing company priced its initial public offering at ₹493 per share and raised ₹1,200 crore on Wednesday.

Indian Bank decreased for the second day in a row and fell 4.5% to ₹410.35 after the state-controlled bank completed the sale of 10.15 crore of institutional shares today.

Praveg Limited increased 1.4% to ₹658.0 after the company won a government order to build and manage 50 tents in the union territory of Lakshwadeep.

The company scheduled a board meeting on December 26 to evaluate fund-raising alternatives.