India Movers: Airtel, Bajaj Auto, Bharti Airtel, CRISIL, LIC, PB Fintech

Arun Goswami
18 Feb, 2024
Mumbai

Stocks in Mumbai lacked direction in Monday's trading, and benchmark indexes hovered near record highs after the end of the earnings season last week. 

The Sensex index increased 94.80 points to 72,526.80, and the Nifty index rose 43.85 points to 22,082.35.

On the Mumbai stock exchange, 204 stocks traded at their 52-week highs and 4 stocks traded at their 52-week lows.

Tata Motors, Mahindra & Mahindra, Maruti Suzuki, and Bajaj Auto advanced between 0.2% and 0.6% amid expectations of sustained demand growth for 2-wheeler vehicles and passenger cars. 

State Bank of India, ICICI Bank, Axis Bank, HDFC Bank, Union Bank, and Canara Bank eased between 0.2% and 1.1%. 

LIC rose 1.7% to ₹1,057.80 after the company received a tax refund of ₹21,740 crore from the income tax department on February 15. 

CRISIL jumped 6% to ₹4,988.0 after the rating agency reported better-than-expected quarterly results. 

After-tax income in the December quarter rose 33% to 210 crore from 158 crore a year ago. 

PB Fintech jumped 5% to ₹978.15 after the insurance regulator approved the company's license to be a composite insurance broker from a direct insurance broker. 

Bajaj Auto added 2.7% to ₹8,549.20, and the vehicle maker set February 29 as the record date for its stock buyback program.

Bharti Airtel increased 0.9% to ₹1,130.80, and reports suggest that the U.S.-based private equity group Carlyle is in talks with Blackstone to sell its 25% stake in the company's data center business, Nxtra Data. 

Sula Vineyards decreased 6.5% to ₹577.45, and Verlinvest plans to sell an 8.34% stake in the company in a block trade today. 

Tata Power increased 1.8% to ₹382.90 after the company received a letter of intent from REC Power Development to acquire Jalpur Khurja Power Transmission for ₹832 crore.