India Movers: Coromandel International, KEC, Patanjali Foods, Poonawalla Fincorp, RVNL, Rashtriya Chemicals, Rites, Tata Chemicals

Arun Goswami
30 Apr, 2024
Mumbai

Stocks in Mumbai advanced in thin trading ahead of the Maharashtra Day holiday, and investors reviewed the latest batch of earnings.

The Sensex index increased by 0.5% to 74,052.08, and the Nifty index rose by 0.3% to 22,489.36. 

On the Mumbai stock exchange, 92 stocks traded at their 52-week highs, and 3 stocks traded at their 52-week lows.

Poonawalla Fincorp. rose 0.6% to ₹488.0 after the non-bank financial service provider reported strong quarterly results. 

Net interest income in the March quarter increased 57% to ₹640.5 crore, and net income advanced 83.6% to ₹331.7 crore from a year ago, respectively. 

Tata Chemicals declined 1.9% to ₹1,099.85 after the company declared a loss in the March quarter due to a one-time charge linked to its soda ash and bicarb business in the U.K. 

Rashtriya Chemicals and Fertilizers was unchanged at ₹152.0 after the central government agreed to increase its equity investment in the Talcher Fertilizer project in Odisha. 

The Cabinet Committee on Economic Affairs approved the increase in investment to ₹2,169.7 crore from the previous estimate of ₹1,184.20 crore.

Rites Ltd. declined 1.1% to ₹687.0 after the company received a $111.3 million, or ₹922 crore, order from Bangladesh Railways to supply 200 broad gauge passenger carriages over the next three years.

Rail Vikas Nigam decreased 0.4% to ₹288.65 after the company's joint venture with Kerala Rail Development Corporation won an order from Southern Railways to redevelop Thiruvananthapuram Central Railway Station for ₹440 crore. 

Patanjali Foods declined 1.4% to ₹1,560.95, and the Uttarakhand drug regulator suspended production of 14 products made by the company for making misleading advertising claims. 

KEC International increased 1% to ₹733.95 after the company won ₹1,036 crore orders in the domestic and international markets. 

Coromandel International rose 1.7% to ₹1,204.0, and the company initiated activities to set up phosphoric acid and sulfuric acid plants in Kakinada, Andhra Pradesh.