India Movers: Awfis Space, Capacite Solutions, GMR Airports, MTNL, R R Kabel, SJVN

Arun Goswami
30 May, 2024
Mumbai

Stocks and benchmark indexes in Mumbai headed lower amid weak market sentiment after hawkish comments from U.S. policymakers' sparked a selloff in global bonds. 

The Sensex index decreased by 0.5% to 74,133.96, and the Nifty index fell by 0.5% to 22,592.30.

On the Mumbai stock exchange, 62 stocks traded at their 52-week highs, and 34 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 7.01%, and the Indian rupee edged lower at ₹83.40 against the U.S. dollar.

R R Kabel Ltd. rose 1.9% to ₹1,757.0 after the U.S.-based private equity group, TPG Asia, is likely to divest its entire 5% stake, or 56 lakh shares, for about ₹1,000 crore. 

Awfis Space Solutions is set to list its stock for ₹383 per share on May 30 and raise ₹599 crore through the sale of 1.56 crore shares. 

The flexible space company operates 169 coworking space centers in 16 cities in India with 105,258 seats and plans to add 31 centers with 25,312 seats. 

Capacite Infraprojects rose 3.7% to ₹316.0, and the company's board plans to meet on June 3 to discuss its options to raise 100 crore through the sale of convertible bonds through private placement. 

SJVN Ltd. decreased 3.7% to ₹134.70 after the power company reported a sharp jump in profit, but revenue declined in the March quarter. 

Revenue decreased by 4.1% to ₹482.9 crore from ₹503.8 crore, and net income soared 255% to ₹61.1 crore from ₹17.2 crore a year ago, respectively. 

GMR Airports declined 1.8% to ₹85.70, and the airport facilities operator reported a narrower loss in the March quarter. 

Revenue rose 29.5% to ₹2,446.8 crore from ₹1,889.7 crore, and net loss narrowed to ₹167.6 crore from ₹638.9 crore a year ago. 

MTNL decreased 1.6% to ₹37.40, and the telecom operator reported a wider loss in the March quarter. 

Revenue fell 4.1% to ₹482.9 crore from ₹503.8 crore, and net loss widened to ₹783.7 crore from ₹748.6 crore a year ago, respectively.