India Movers: BHEL, IEX, KPI Green, Force Motors, Maruti Suzuki, NBCC, Nazara Tech

Arun Goswami
06 Jun, 2024
Mumbai

Stocks rebounded for the second day in a row, and the post-election results jitters eased after the NDA moved fast to form the next central government. 

The Sensex index increased by 0.5% to 74,780.33, and the Nifty index rose by 0.5% to 22,740.65. 

On the Mumbai stock exchange, 48 stocks traded at their 52-week highs, and 24 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 7.03%, and the Indian rupee edged higher at ₹83.52 against the U.S. dollar.

Maruti Suzuki increased 2.7% to ₹12,511.55, and the vehicle maker said it plans to invest 450 crore over the next three years in renewable energy projects. 

BHEL jumped 5.7% to ₹269.90 after the company won a 3,500 crore order from Adani Power for setting up a power plant in Chhattisgarh.

Indian Energy Exchange surged 5.2% to ₹164.30 after the company said overall trading volume jumped 29% to 10,633 million units from 8,251 million units in May. 

KPI Green Energy soared 4.4% to ₹1,756.75 after the company won orders for solar energy generation and transmission worth ₹351 crore. 

Nazara Technologies advanced 3.9% to ₹715.60 after the company's subsidiary agreed to acquire SoapCentral.com, the soap opera-focused content provider, for $1.4 million, or approximately ₹11 crore. 

NBCC added 7.6% to ₹139.95 after the company said it won 13 new orders worth ₹451 crore. 

Force Motors gained 0.7% to ₹8,460.0 after the commercial vehicle maker said total domestic unit sales in May rose 13.9% to 2,412 from 2,118. 

However, total exports in the month plunged 63% to 180 units from 491 units a year ago.

Aimtron Electronics is set to list its stock on the National Stock Exchange's small and medium enterprise platform with a plan to raise as much as 87 crore through the sale of 54.05 lakh shares.