Market Updates
Movers: Alembic Pharma, Bharti Airtel, Coal India, Eicher Motors, LIC, Lemon Tree, Zomato
Arun Goswami
02 Jan, 2024
Mumbai
Stocks in Mumbai traded down on valuation worries, and investors were also on the defensive after coronavirus cases rose across the nation.
The Sensex index decreased 610.37 points to 71,661.31, and the Nifty index eased 159.50 points to 21,582.40.
On the Mumbai stock exchange, 281 stocks traded at their 52-week highs and 12 stocks traded at their 52-week lows.
Life Insurance Corporation decreased 1.7% to ₹843.90 after the Mumbai tax office demanded a tax of ₹803 crore for the financial year 2018.
Zomato gained 1.9% to ₹126.80 after the delivery service company said it received record daily orders on New Year's Eve on its app.
Bharti Airtel increased 0.6% to ₹1,018.95, and the company agreed to acquire a 97.1% stake in Beetel Teletech.
Eicher Motors declined 3.2% to ₹3,909.0 after the company said sales of 2-wheeler vehicles declined in December.
Coal India increased 2.7% to ₹392.0 after the company said coal production increased 8.2% in December.
Alembic Pharmaceuticals soared 5% to ₹805.50 after the company received approval for various generic products from the U.S. Food and Drug Administration.
Lemon Tree Hotels soared 10.5% to a record high ₹131.55 on the expectations of higher earnings in the current fiscal year.
JBM Auto advanced 4.5% to ₹1,692.0 and extended a 3-day advance to 25% after the company said it is on track to deliver 2,000 e-buses in the fiscal year 2024.
Annual Returns
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Earnings
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