India Movers: ICICI Bank, HAL, JSW Energy, Mankind Pharma, RVNL, MedPlus, Sanghi Industries

Arjun Pandit
26 Mar, 2024
Mumbai

Stocks in Mumbai traded down, and investors stayed on the sidelines in holiday-shortened week. 

The Sensex index decreased 0.2% to 72,659.64, and the Nifty index edged down 0.2% to 22,044.50. 

On the Mumbai stock exchange, 44 stocks traded at their 52-week highs and 24 stocks traded at their 52-week lows.

Mankind Pharma advanced 3.2% to ₹2,201.0, and the private equity firm ChrysCapital's affiliate Beige Ltd. is planning to sell up to a 2.6% stake in the company. 

Beige is looking to do the transaction through a block deal with a price range between ₹2,103 and ₹2,214 per share, according to a report by CNBC TV 18. 

ICICI Securities decreased 1.4% to ₹751.0 after the company received a warning letter from SEBI concerning its business practices and record-keeping related to merchant banking activities. 

JSW Energy rose 2.1% to ₹514.95, and the company's subsidiary signed an agreement with Reliance Power to acquire a 45 MW wind power project in Maharashtra for ₹132 crore. 

HAL gained 1.5% to ₹3,169.0 after the aviation company secured an order worth ₹194 crore from the Guyana Defense Force. 

Rail Vikas Nigam advanced 2.2% to ₹249.70, and the company signed an agreement with the Airports Authority of India to build a rail service connecting the Kolkata airport with a residential colony for ₹229 crore. 

IIFL Finance decreased 0.8% to ₹333.50, and JM Financial edged up 0.2% to ₹74.0 after the Reserve Bank of India initiated the process to appoint special auditors to review the company's business practices and regulatory breaches. 

MedPlus Health Services gained 0.3% to ₹685.0 after the company's two stores were temporarily banned by the regulatory agencies from conducting business. 

Sanghi Industries gained 0.6% to ₹88.50 after the company's promoter group, Ambuja Cements, lowered its stake in the company by 2% to 60.44%. 

Ambuja Cements sold its stake in the company for ₹258 crore.