India Movers: Adani Entp, BEML, Bajaj Auto, Bajaj Finserv, FINO Payments, GMDC, GSFC, IRB Infra, Tata Motors

Arun Goswami
09 Jan, 2024
Mumbai

Stocks in Mumbai advanced, and investors awaited the start of the earnings season later in the week. 

The Sensex index increased 570.02 points to 71,925.24, and the Nifty index rose 176.65 points to 21,688.75. 

On the Mumbai stock exchange, 367 stocks traded at their 52-week highs and 5 stocks traded at their 52-week lows.

Bajaj Auto increased 2% to ₹7,123.05 after the company announced a stock repurchase plan of ₹4,000 crore.

Bajaj Finserv rose 0.2% to ₹1,700.15, and the company's subsidiary, Bajaj Allianz General Insurance, collected a gross direct premium of ₹1,425 crore in December.

FINO Payments Bank jumped 4% to ₹302.75 after the company applied for a small finance bank license with the Reserve Bank of India.

Tata Motors increased 0.7% to ₹794.95, and the company's subsidiary Jaguar Land Rover sales in the December quarter increased to 101,043 units, the highest in eleven quarters.

Metropolis Healthcare edged up 0.06% to ₹1,661.0 after the healthcare service provider said revenue in the December quarter increased by 12%.

The quarterly revenue increase was largely driven by a 9% increase in patient count.

Adani Enterprises advanced 1.7% to ₹3,014.25 after the company's subsidiary, Mumbai International Airport, won the arbitration case against the Airports Authority of India.

MIAL is not required to make monthly payments to AAI for the period between March 13, 2020, and February 28, 2022, citing force majeure in place during the COVID-19 pandemic period.

BEML gained 0.2% to ₹3,175.05 after the company won an order worth ₹330 crore from the defense ministry.

IRB Infrastructure Developers soared 10.2% to ₹46.40 after the company said toll revenue in December rose 26% from a year ago.

Gujarat State Fertilizers and Chemicals increased 9% to ₹298.40 after the company commissioned an ammonium sulfate plant near Vadodara.

The production capacity of the fertilizer used in alkaline soil is about 132,000 tons per year.

Gujarat Mineral Development Corporation jumped 6.5% to ₹480.15 after the company won an environmental clearance to expand its Surkha lignite coal mine.