Market Updates
India Movers: Coal India, BHEL, Reliance Industries, Shriram Finance, UPL
Arun Goswami
28 Feb, 2024
Mumbai
Stocks in Mumbai advanced amid cautious global markets as investors reviewed the earnings results of the fiscal third quarter released in the recently completed earnings season.
The Sensex index increased 0.2% to 72,603.30, and the Nifty index rose 0.3% to 21,011.85.
On the Mumbai stock exchange, 76 stocks traded at their 52-week highs and 32 stocks traded at their 52-week lows.
Reliance Industries increased 1.3% to ₹2,948.30 after the company announced a deal to merge its media properties and form a joint venture with Disney and Viacom18 Media.
The deal brings together the television stations, streaming, and online media properties of three companies to form the largest media company in India.
The merged entity is estimated to be valued at ₹70,352 crore, according to a joint statement released by three companies.
Shriram Finance advanced 1.8% to ₹2,380.75 after the company was selected to be included in the Nifty 50 index as of March 28, replacing UPL.
UPL declined 0.8% to ₹472.50.
Coal India increased 0.6% to ₹436.70 and Bharat Heavy Electricals decreased 0.3% to ₹224.15, and the two companies announced a joint venture to set up an ammonium nitrate plant.
Coal India will own 51%, and BHEL will control the remaining 49% stake in the company.
Venus Pipes & Tubes soared 7.4% to ₹1,861.95 after the company announced its plan to invest as much as 175 crore to manufacture stainless steel and titanium welded tubes.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|