India Movers: Bondada Engineering, One 360 WAM, PNB Housing, Saksoft, Tata Power

Arun Goswami
13 Jun, 2024
Mumbai

Market indexes continued their ascend in Mumbai, and the yield on Indian government bonds edged lower. 

Core consumer price inflation dropped to a record low in May, and industrial output eased to a three-month low in April.

The Sensex index increased by 0.3% to 76,845.23, and the Nifty index rose by 0.3% to 23,391.95. 

On the Mumbai stock exchange, 166 stocks traded at their 52-week highs, and 7 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.99%, and the Indian rupee edged higher at ₹83.52 against the U.S. dollar.

Tata Power increased 1.7% to ₹457.0, and the company's renewable power subsidiary said it has installed 850 charging points in key metropolitan areas, including Mumbai, Delhi, Amdavad, Bengaluru, and Lucknow. 

Saksoft advanced 3.2% to ₹268.50, and the company agreed to acquire Augmento Private Labs with an initial consideration of ₹35 crore and pay up to an additional ₹65 crore over the next two years. 

Bondada Engineering jumped 5.0% to ₹2,320.80, and the company received an order worth ₹940 crore to set up a 600 MW solar power project over the next three years from NLC India. 

PNB Housing Finance gained 0.5% to ₹819.95, and the company's board plans to meet on June 18 to approve the sale of non-convertible bonds worth ₹10,000 crore. 

One 360 WAM increased 1.5% to ₹802.15, and the company signed an agreement to acquire ET Money from Times Internet for a total consideration of ₹365.8 crore. 

One 360 WAM, formerly known as IIFL Wealth, agreed to pay 85.8 crore cash and issue 35 lakh crore shares to Times Internet. 

ET Money claims to have 9 lakh registered users, including one lakh revenue-generating users, conducting over ₹1,200 crore of monthly investments over the platform.