India Movers: Chennai Petroleum, Garden Reach, Indian Oil, Infosys, NCC, Prestige Estates, RVNL, Torrent Power, Veranda Learning

Arun Goswami
01 Apr, 2024
Mumbai

Stocks in Mumbai advanced following positive international market sentiment and ahead of the Reserve Bank of India's rate decision on Friday. 

The Sensex index increased 0.7% to 74,213.44, and the Nifty index edged up 0.8% to 22,519.55. 

On the Mumbai stock exchange, 95 stocks traded at their 52-week highs and 37 stocks traded at their 52-week lows.

Chennai Petroleum Corporation declined 0.9% to ₹906.0, and the company board approved the cost revision for the construction of a petroleum refinery in Tamil Nadu in a joint venture with Indian Oil Corporation, Cauvery Basin Refinery, and Petrochemicals Limited. 

The board approved the cost revision to ₹33,023 crore from ₹29,361 crore. 

Rail Vikas Nigam dropped 1.2% to ₹252.20, and the company was deemed the lowest bidder for three rail infrastructure development projects totaling ₹148.3 crore. 

Indian Oil rose 1% to ₹168.0, and the company signed an agreement to manufacture lithium ion cells in India with Panasonic Energy. 

NCC jumped 3.9% to ₹241.50 after the company said it received orders worth ₹3,084 crore in March. 

Torrent Power dropped 3.9% to ₹1,365.40, and the company received an order from its power distribution unit for ₹1,825 crore. 

Garden Reach Shipbuilders decreased 1.4% to ₹765.90, and the company reported a record revenue of ₹3,400 crore in fiscal year 2024. 

Prestige Estates Projects jumped 4% to ₹1,217.60 after the company struck an investment partnership with the Abu Dhabi Investment Authority and funds controlled by Kotak Mahindra. 

NHPC rose 0.5% to ₹89.30, and the company secured a loan of 20 billion yen for the construction of a power plant in Manipur. 

Veranda Learning declined 2.8% to ₹178.0, and the company acquired a 50% stake for ₹240 crore in Tapasaya Educational Institutions. 

Infosys gained 1.1% to ₹1,514.75, and the technology services provider said it expects a windfall refund of ₹6,329 crore from the Income Tax Department.