India Movers: Adani Enterprises, Bharti Airtel, Blue Dart, Cyient DLM, Cr Reddy's Pharma, Mankind Pharma, McLeod Russell, RBL Bank

Arun Goswami
01 Oct, 2024
Mumbai

Stocks in Mumbai lacked direction amid elevated tensions in the Middle East and ahead of the start of earnings season next week. 

The Sensex index increased by 0.1% to 84,371.88, and the Nifty index fell by 0.1% to 25,829.35. 

On the Mumbai stock exchange, 110 stocks traded at their 52-week highs, and 19 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.75%, and the Indian rupee eased to 83.81 against the U.S. dollar.

The gold price increased by 0.1% to ₹75,250 per ten grams, and silver edged down by 0.1% to ₹90,641 per kilo. 

RBL Bank Ltd. decreased 1.5% to ₹204.0, and Hydra Trading has sold a 1.24% stake in the company for an average price of ₹203 per share. 

The company sold 75.1 lakh shares for ₹152 crore. 

Cyient DLM declined 0.6% to ₹668.30, and Morgan Stanley-controlled funds sold 4.34 lakh stocks for ₹29 crore to mutual funds owned by HDFC. 

Dr Reddy's Laboratories increased 0.4% to ₹6,750.0, and the Hyderabad-based pharmaceutical company said it completed the purchase of Haleon plc's global consumer healthcare brands in nicotine replacement therapy for £458 million, or about ₹5,152 crore.

McLeod Russell increased 9.9% to ₹32.81, and the company's managing director, Aditya Khaitan, expressed optimism about resolving outstanding debt payments of ₹1,800 crore. 

Adani Enterprises increased 0.1% to ₹3,131.0, and the company's subsidiary Adani Airport Holdings raised ₹1,950 crore through the sale of bonds with a coupon rate of 9.35%. 

Mankind Pharma decreased 3% to ₹2,513.80, and the company's board approved the sale of non-convertible bonds and commercial paper to raise ₹10,000 crore. 

Indian Oil Corporation decreased 0.2% to ₹179.69, and the company withdrew its ₹22,000 crore rights issue following the lack of provision in the current fiscal year. 

Blue Dart Express increased 3.7% to ₹8,171.05, and the company said it plans to raise its shipping charges between 9% and 12% from January 1, 2025. 

Bharti Airtel increased 0.7% to ₹1,705.0, and the wireless telecom company has prepaid its next installment of ₹8,465 crore to the ministry of telecom for the acquisition of wireless spectrum in 2016.