Market Updates

India Movers: CE Infosystems, DEE Development, Mazagon Dock, Sanghi Industries, UltraTech Cement, Yes Bank

Arun Goswami
26 Jun, 2024
Mumbai

    Market indexes hovered near record highs amid a positive economic outlook, a stable rupee, and optimism about financial reforms in the upcoming national budget. 

    The Sensex index increased by 0.3% to 78,002.52, and the Nifty index fell by 0.1% to 23,696.25. 

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

    The 5G wireless spectrum auction attracted ₹11,000 crore worth of bids from telecom operators on the first day of bidding. 

    UltraTech Cement jumped 1.8% to ₹11,040.75, and the company said it plans to acquire a 25% stake in the UAE-based RAKWCT, lower than the previously mentioned 31.6%. 

    Yes Bank decreased 0.2% to ₹23.98, and the company plans to raise additional capital through the sale of debt on August 23. 

    Sanghi Industries declined 4% to ₹98.15 after promoter Ravi Sanghi and Ambuja Cements planned to sell up to a 3.52% stake in the company with a floor price of ₹90 per share. 

    DEE Development Engineers is likely to list the company's share today, and the company's public offering of 418 crore was oversubscribed by nearly 100 times.

    Mazagon Dock Shipbuilders jumped 5.4% to ₹4,195.0, and the company said that the Department of Public Enterprises awarded the company "Navratna" status, the 18th public sector company to achieve the distinction. 

    CE Infosystems increased 3.7%to ₹2,322.35 after reports suggested that the promoter Rakesh Kumar Varma plans to sell 0.9% stake in the company for ₹114.6 crore. 

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