India Movers: Hindustan Aeronautics, IRCON, KPI Green Energy, Railtel, SJVN, Torrent Power, Zydus Lifesciences

Arun Goswami
18 Mar, 2024
Mumbai

Stocks in Mumbai traded down in Monday's trading after crude oil prices advanced for the fourth week in a row amid rising tensions in the Middle East. 

India's overall trade deficit plunged after exports rose at a faster pace than imports. 

The Sensex index decreased 0.1% to 72,556.30, and the Nifty index edged down 0.2% to 21,973.40. 

On the Mumbai stock exchange, 60 stocks traded at their 52-week highs and 29 stocks traded at their 52-week lows.

SJVN Ltd. soared 7.1% to ₹127.10 after the company received an order for a 200 MW solar project from Gujarat Urja Vikas Nigam. 

Railtel Corporation of India increased 4.1% to ₹352.85, and the company won an order worth ₹482 crore. 

IRCON International gained 2.4% to ₹222.0, and the railway and transportation contractor said it won an order worth ₹630 crore from the National Highways and Infrastructure Development Corporation.

Zydus Lifesciences gained 0.6% to ₹989.65, and the generic drug company said it received final approval from the U.S. drug regulator to sell its generic therapy for the treatment of benign prostatic hyperplasia, a noncancerous enlargement of the prostate gland. 

Torrent Power gained 5.5% to ₹1,217.90, and the independent electric power company said it won a 300 MW solar and wind power project with a tariff of ₹3.65 per kWh. 

KPI Green Energy jumped the daily limit of 5% to ₹1,525.35 after the company won a bid to deliver a 100 MWA solar power project for Maharashtra State Power Generation Company. 

Hindustan Aeronautics jumped 2.1% to ₹3,167.0 after the company received a ₹2,890 crore order from the Ministry of Defense to upgrade 25 Dornier aircraft for the Indian Navy.