India Movers: Movers: CDSL, Interglobe Aviation, Jai Corp., ITI, NBCC, Sugar Stocks, Spicejet

Arun Goswami
30 Aug, 2024
Mumbai

Benchmark indexes in Mumbai extended gains for the third week in a row amid improving global market sentiment and a weakening inflation outlook in the U.S. and Europe. 

The Sensex index increased by 0.3% to 82,361.39, and the Nifty index rose 0.3% to 25,225.80. 

On the Mumbai stock exchange, 122 stocks traded at their 52-week highs, and 9 stocks traded at their 52-week lows.

Sugar stocks were in focus after the central government removed the restriction on using cane juice to make ethanol effective November 1. 

Balrampur Chini Mills gained 5.4% to₹610.40, Shree Renuka Sugars increased 0.6% to ₹50.72, Bajaj Hindusthan Sugar jumped 6.5% to ₹43.42, and Kothari Sugars and Chemicals added 5.2% to ₹58.31.

Spicejet Ltd. decreased 5.6% to ₹62.50, and the aviation regulator placed the budget carrier under immediate "enhanced surveillance' to ensure safety of the operations. 

ITI Ltd. increased 2.6% to ₹307.15, and the company won an order to provide 500 electronic voting machines to the election commission of West Bengal. 

CDSL added 2.4% to ₹1,462.80, and the SEBI approved the appointment of Nehal Vora as the managing director and chief executive officer of the company. 

Interglobe Aviation advanced 1.8% to ₹4,846.35, and the promoter entity controlled by the founder Rakesh Gangwal has sold a 5.24% stake in the company for ₹9,549 crore. 

Jai Corporation declined 5.1% ₹372.40, and the diversified engineering and infrastructure company's board approved the stock buyback plan of 29.44 lakh shares at a price of ₹400 per share from shareholders on record September 10. 

The company plans to acquire up to a 1.65% stake for ₹177.8 crore. 

NBCC India Ltd. declined 3.9% to ₹187.20 after the company sold its entire inventory of office and commercial space inventory at World Trade Center, Sarojini Nagar, and downtown locations in New Delhi for ₹14,800 crore.