India Movers: DLF, KEC, Grasim Industries, HAL, Reliance Industries, Som Distillers, Tata Motors, PC Jeweller

Arun Goswami
14 Mar, 2024
Mumbai

Stocks in Mumbai struggled to gain traction in early trading on growing worries about stretched market valuations and the possibilities of greater regulatory scrutiny of small and mid cap stock trading. 

The Sensex index decreased 0.2% to 72,570.10, and the Nifty index edged down 0.1% to 21,982.55. 

On the Mumbai stock exchange, 13 stocks traded at their 52-week highs and 59 stocks traded at their 52-week lows.

Reliance Industries declined 2.6% to ₹2,873.20, and the company agreed to acquire the remaining 13% stake held by the U.S.-based Paramount Global in Viacom18 Media Pvt Ltd. for ₹4,286 crore. 

Hindustan Aeronautics dropped 7.2% to ₹3,032.95, and the Ministry of Defense signed two contracts worth 8,073 crore for the purchase of advanced 34 helicopters. 

Som Distillers declined 7.9% to ₹221.0, and the company's board is scheduled to meet on April 2 to discuss a stock split proposal. 

KEC International fell 6.1% to ₹690.95, and the company said its various business units received orders worth ₹2,257 crore. 

Grasim Industries declined 1.9% to ₹2,142.05, and the finance committee of the company's board approved the proposal to raise 1,250 crore through a non-convertible debenture offering. 

DLF fell 4.4% to ₹826.0, and the company agreed to sell a land parcel of 4.67 acres worth 735 crore to Cholamandalam Investment and Finance. 

Tata Motors decreased 4.3% to ₹973.15, and the company signed a preliminary agreement with the Tamil Nadu government to invest 9,000 crore in a vehicle manufacturing facility. 

PC Jeweller Ltd. gained 4.4% to ₹61.35 after the State Bank of India accepted the company's settlement proposal to clear outstanding payments.