India Movers: Aadhar Housing, CEAT, GPCL, One97 Communications, Spicejet, SBI

Arun Goswami
09 Dec, 2024
Mumbai

Stock market indexes in Mumbai edged lower amid weak international market sentiment and rising tensions in the Middle East. 

The Sensex index decreased by 0.3% to 81,481.75, and the Nifty index dropped by 0.4% to 24,591.70. 

On the Mumbai stock exchange, 158 stocks traded at their 52-week highs, and 15 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.78%, and the Indian rupee eased to 84.73 against the U.S. dollar.

CEAT Ltd. soared 11.3% to ₹3,444.25, and the tire maker said it agreed to acquire off-highway brand Camso owned by France-based Michelin for $225 million (about ₹1,900 crore). 

One97 Communications Limited increased 0.5% to ₹981.55, and the parent company of online payment processor Paytm's Singapore-based company has agreed to sell its stake in Japan's PayPay to Softbank Vision Fund 2. 

Aadhar Housing Finance Limited decreased 1.1% to ₹425.40, and the home finance company estimated its assets under management to rise to ₹25,000 crore at the end of the current financial year. 

State Bank of India fell 0.2% to ₹862.10, and the bank said it plans to sell bad loans worth ₹2,72.35 crore related to Odisha-based ARSS Infrastructure Projects Ltd. through an auction. 

SpiceJet Ltd. increased 0.01% to ₹61.48, and the discount airline is considering seeking shareholders' approval for an additional capital injection at its next annual general meeting on December 30. 

Godrej Consumer Products Ltd. dropped 9.5% to ₹1,119.90 after the company warned of a challenging demand environment because of unseasonal rain negatively impacting its home insecticide business in the current quarter. 

The company guided "flattish" volume growth and mid-single-digit revenue growth in its domestic market in the December quarter.