India Movers: AU Small Finance, Borosil, Happiest Minds, Interglobe Aviation, KIMC, RBL Bank, Swan Energy

Arun Goswami
25 Jun, 2024
Mumbai

India's current account deficit shrank in the previous financial year due to improved net international trade balances and foreign remittances. 

The government's auction for 5G airwaves is expected to draw record fees from telecom companies. 

The Sensex index increased by 0.3% to 77,532.23, and the Nifty index rose by 0.3% to 23,595.35. 

On the Mumbai stock exchange, 212 stocks traded at their 52-week highs, and 22 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.97%, and the Indian rupee edged lower at ₹83.45 against the U.S. dollar.

Happiest Minds Technology declined 7.7% to ₹851.55 on reports that chairman Ashok Soota is looking to sell a 6% stake in the company with a floor price of ₹826 per share and raise ₹754 crore. 

Interglobe Aviation edged up a fraction to ₹4,315.50, and the carrier said it plans to double the number of non-stop flights to 14 between Mumbai and Jeddah, Saudi Arabia, from August 15. 

Krishna Institute of Medical Sciences increased 4.3% to ₹2,142.50, and the company's board plans to meet on June 28 to consider the sub-division of its equity shares from one share of ₹10 to five equity shares of ₹2 per share. 

AU Small Finance Bank increased 0.9% to ₹684.85, and the company scheduled a board meeting on June 27 to raise additional capital from institutional investors. 

Borosil Ltd. increased 3.8% to ₹357.85, and the company launched a secondary stock offering to raise ₹250 crore with a floor price of ₹331.75 per share. 

RBL Bank increased 0.3% to ₹257.16, and the bank's board is scheduled to meet on June 27 to consider the sale of debt securities through a private placement. 

Swan Energy increased 1.7% to ₹633.90, and the company plans to acquire a 49% stake in Triumph Offshore Private Ltd. from Indian Farmers Fertilisers Cooperative for ₹440 crore.