India Movers: Angel One, Aster DM, Adani Ports, L&T, Piramal Enterprises, Sanofi India, Spicejet

Arun Goswami
27 Mar, 2024
Mumbai

Stocks in Mumbai advanced, bond yields held steady, and the rupee hovered near a record low in a holiday-shortened week. 

The Sensex index increased 0.3% to 72,670.55, and the Nifty index edged up 0.3% to 22,070.80. 

On the Mumbai stock exchange, 49 stocks traded at their 52-week highs and 45 stocks traded at their 52-week lows.

Central Depository Services edged down 0.1% to ₹1,785.0, and Standard Chartered Bank is planning to sell its entire 7.2% stake, or 75 lakh shares, in the company for $151 million in a block trade. 

The stake-sale news was first reported by CNBC TV18. 

Aster DM Healthcare decreased 0.02% to ₹438.55, and the private equity firm Olympus Capital Asia plans to sell a 9.8% stake in the company for about ₹1,953 crore, according to a report by Reuters. 

Adani Ports and SEZ increased 2.6% to ₹1,315.0 after the company acquired a 95% stake in Gopalpur Port Ltd. located in Odisha for an enterprise value of ₹3,080 crore. 

Spicejet increased 3.9% to ₹61.06 after the company entered into a settlement agreement with 755 crore with Canada-based aircraft lessor Export Development Canada. 

The deal paves the way for the airline to assume control of 13 of the 15 Bombardier Q400 aircraft financed by EDC. 

Larsen & Toubro increased 0.3% to ₹3,683.0 after the company's board approved the plan to raise ₹7,500 crore. 

Sanofi India added 3.6% to ₹7,989.85 and Cipla gained 0.8% to ₹1,484.0, and the two companies struck an exclusive distribution partnership. 

Under the agreement, Cipla will distribute Sanofi's Central Nervous Medications portfolio of drugs, including Frisium, an anti-epileptic drug. 

Piramal Enterprises gained 0.5% to ₹862.80, and the company invested 2,000 crore in Piramal Capital and Housing Finance through its participation in the rights issue. 

Angel One declined 1.8% to ₹2,672.35 after the company set a floor price of ₹2,555.01 per share for its institutional offering.