India Movers: Adani Port, Adani Power, Angel One, Delhivery, Mankind Pharma, Shilpa Medicare, Tata Motors

Arun Goswami
10 Jul, 2024
Mumbai

Benchmark indexes traded down, and investors turned cautious ahead of the release of inflation data and the start of the earnings season. 

The Sensex index decreased by 0.8% to 79,721.50, and the Nifty index declined by 0.8% to 24,244.15. 

On the Mumbai stock exchange, 156 stocks traded at their 52-week highs, and 12 stocks traded at their 52-week lows.

Angel One increased 0.8% to ₹2,258.95, despite reports suggesting that a hacker has leaked personal information of 79 lakh account holders of the Mumbai-based brokerage firm, including contact details and account size, on a website. 

Adani Ports gained 0.4% to ₹1,484.20 after the company won a concession to develop and operate a terminal located at Deendayal Port, Kandla, Gujarat, for 30 years through a competitive bidding process. 

Adani Power advanced 0.3% to ₹726.40, and the company's subsidiary signed a 20-year agreement to sell 500 MW of power to Reliance Industries. 

Reliance Industries agreed to acquire a 26% stake in the 600 MW thermal power plant operated by the subsidiary Mahan Energen Ltd. 

Mankind Pharma jumped 2.5% to ₹2,153.40, and an affiliate of Capital Group plans to sell a 0.9% stake for ₹763 crore in the company at a price of ₹2,061 per share. 

Delhivery declined 0.5% to ₹389.75, and several news reports suggested that the Canada Pension Plan Investment Board plans to sell its entire 3.18% stake in the company for ₹886 crore through a block trade seeking a price between ₹378 and ₹389 per share. 

Shilpa Medicare decreased 0.6% to ₹655.15 despite the pharmaceutical company's Raichur facility meeting the manufacturing standard required by Brazil's drug agency. 

Tata Motors declined 0.3% to ₹1,011.45, and the company said it revised down the selling price for Harrier and Safari SUVs by as much as ₹1.5 lakh. 

The automaker's revised price for the Harrier is lowered to ₹15 lakh and the Safari to ₹15.5 lakh. 

HG Infra Engineering gained 0.4% to ₹1,706.10, and the company won solar energy projects worth ₹465 crore from Ultra Vibrant Solar Energy Pvt. Ltd., according to a filing with exchanges.