India Movers: BGR Energy, HDFC Bank, IDBI, IDFC First Bank, Krsnaa Diagnostics, Raymond, VST Industries

Arun Goswami
05 Jul, 2024
Mumbai

The Sensex and Nifty indexes are set to close higher for the fifth consecutive week, and investors are looking forward to the start of earnings season next week. 

The Sensex index decreased by 0.5% to 79,649.22, and the Nifty index decreased by 0.4% to 24,211.50. 

On the Mumbai stock exchange, 199 stocks traded at their 52-week highs, and 12 stocks traded at their 52-week lows.

Raymond Ltd. increased 2.6% to ₹3,040.0, and the company said in a regulatory filing that the company's board has approved the spin-off of its real estate unit. 

Current shareholders will receive one share of the newly formed Raymond Realty for every share held in the company and trade on the NSE and the BSE. 

IDFC First Bank increased 0.03% to ₹81.19, and the company said it sold shares to six insurance companies, including LIC, HDFC Life, Aditya Birla Sun Life, Bajaj Allianz, SBI General Insurance, and ICICI Lombard. 

IDFC sold 39.68 crore shares at ₹80.63 per share and raised ₹3,200 crore. 

VST Industries increased 1.8% to ₹4,114.15, and investor Radhakishan Damani has increased his stake in the tobacco company to 3.47% from 1.95% at the end of March. 

IDBI Bank increased 0.2% to ₹83.86, and the bank said total deposits increased 13% from a year ago to ₹2.77 lakh crore and net advance increased 17% to ₹1.94 lakh crore. 

BGR Energy Systems jumped 4.5% to ₹44.08, and the company board approved the rights offering plan to raise ₹1,000 crore. 

Krsnaa Diagnostics increased 1% to ₹695.25, and the company won an order from Bhabha Atomic Research Centre to provide tele reporting services for radiology to the institute's hospital in Mumbai. 

HDFC Bank declined 3.5% to ₹1,665.65, and the company said total outstanding loans decreased 0.8% from the previous quarter and rose 14.9% to ₹24.9 lakh crore. 

Excluding the merger with HDFC, deposits increased 16.5% from a year ago and were flat from the previous quarter to ₹23.8 lakh crore.