India Movers: Adani Total Gas, Dreamfolks Services, HDFC Bank, Religare, Reliance Infrastructure, Signature Global, Tata Steel

Arun Goswami
23 Sep, 2024
Mumbai

India indexes advanced in Monday's trading following positive market sentiment amid receding worries of a global economic slowdown. 

The Sensex and Nifty indexes traded at new intraday highs following the sustained new fund flows from domestic investors.

The Sensex index increased by 0.3% to 84,752.44, and the Nifty index edged up by 0.4% to 25,881.35. 

On the Mumbai stock exchange, 147 stocks traded at their 52-week highs, and 17 stocks traded at their 52-week lows.

Punjab & Sind Bank gained 1% to ₹54.65, and the company plans to raise as much as ₹3,000 crore through a bond offering, following other large offerings from state-controlled banks. 

Dreamfolks Services increased 1.3% to ₹501.45, and the company has halted providing lounge services at airports operated by Adani Group. 

Signature Global advanced 3.2% to ₹1,529.90, and the residential real estate developer placed a 320 crore order with ACC India for its luxury housing project in Gurugram. 

Religare Enterprises inched up 1.2% to ₹274.25, and the company was in focus after it postponed its annual general meeting following the allegations of insider trading by executive chairperson Rashmi Saluja. 

Reliance Infrastructure soared 11% to ₹316.0, and the company announced fund raising of ₹1,100 crore from promoters and ₹1,900 crore from an investment company as part of its efforts to raise as much as 6,000 crore through a secondary offering. 

Tata Steel increased 1.7% to ₹152.10, and the company initiated a new blast furnace operation at a plant in Odisha that will expand its capacity to 8 million tons from 3 million tons. 

Adani Total Gas advanced 1.8% to ₹790.0, and the local gas distribution network operator said it has completed raising $315 million or ₹2,632 crore from international lenders.

The company plans to raise a total of $375 million, or 3,134 crore, from a consortium of international lenders over the next few weeks.

HDFC Bank increased 2.4% to ₹1,749.0, and the company's subsidiary HDB Financial Services plans to raise as much as ₹2,500 crore through an initial public offering.