Market Updates
India Movers: Angel One, Gujarat Ambuja, Jana SFB, Olectra, Texmaco Rail, Vodafone Idea
Arun Goswami
22 Feb, 2024
Mumbai
Gujarat Ambuja Exports decreased 0.3% to ₹402.50 after the company set March 8 as the record date for a 1-to-1 bonus stock issue.
Texmaco Rail & Engineering added 4.7% to ₹191.0 after the company announced a board meeting on February 27 to evaluate fund-raising options.
Bandhan Bank increased 1.5% to ₹203.50 after the company appointed former Citi India executive and veteran banker Rajeev Mantri as chief financial officer as of February 22.
Angel One decreased 0.5% to ₹3,072.35 after the stock brokerage firm plans to raise ₹2,000 crore to expand beyond mutual funds to fintech apps and services.
Olectra Greentech increased 1.9% to ₹2,102.95 after the company, in collaboration with Evey Trans, received a ₹4,000 crore award to supply and maintain 2,400 buses by BEST in Mumbai.
Brihanmumbai Electric Supply and Transport Undertaking, or BEST, is the sole operator of local bus services in Mumbai.
Jana Small Finance Bank decreased 1.7% to ₹454.80 after the bank reported a rise in profit and net interest income in the December quarter.
Net interest income in the quarter increased 24.4% to 548.5 crore and net income advanced 12.8% to 134.6 crore from a year ago, respectively.
Vodafone Idea increased 6.5% to ₹16.35, and the company announced a board meeting on February 27 to evaluate fund-raising proposals.
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