India Movers: Bank of Baroda, Bharti Airtel, Eureka Forbes, Grasim, Midhani, NBCC, Spicejet, Shree Renuka

Arun Goswami
22 Feb, 2024
Mumbai

Stocks in Mumbai extended weekly losses, and banks, industrial, and consumer products companies were among the leading decliners.

The Sensex index decreased 405.63 points to 72,201.35, and the Nifty index fell 133.50 points to 21,935.55. 

On the Mumbai stock exchange, 214 stocks traded at their 52-week highs and 11 stocks traded at their 52-week lows.

Grasim Industries declined 1.6% to ₹2,159.55, and the company announced the launch of its paint business and commenced production at three facilities in Haryana, Punjab, and Tamil Nadu. 

Earlier, the company estimated a total investment of ₹10,000 crore and said it planned to produce pain in five plants with a total capacity of 1.3 billion liters per year. 

NBCC increased 3.3% to ₹143.85 after the company won several approvals to redevelop properties worth ₹10,000 crore. 

Mishra Dhatu Nigam rose 9.3% to ₹440.85 after the central government permitted 100% foreign direct investment in projects making satellite components. 

Midhani is controlled by the Department of Defense, and the company is the only titanium producer in India. 

Bharti Airtel declined 3.2% to ₹1,102.35 after the Uttar Pradesh GST office fined the company a ₹13.25 lakh penalty. 

The company said it plans to appeal the penalty decision. 

Spicejet increased 4.3% to ₹68.74 after the company's board approved the ₹316 crore fund raising through a preferential issue. 

Bank of Baroda declined 1.4% to ₹271.15 after the bank raised ₹2,500 crore through a Basel II-compliant bond offering. 

Eureka Forbes declined 0.7% to ₹506.45 after 1.79 crore shares, or 9.3% of all outstanding shares of the company, changed hands in a block trade. 

Balrampur Chini Mills declined 1% to ₹377.35 after the government hiked the price of sugarcane paid to farmers to ₹340 per quintal. 

Shree Renuka Sugars declined 2.2%, and EID Parry dropped 1.4% to ₹628.85.