India Movers: Adani Ports, Asian Paints, Awfis Space, HG Infra, Indian Overseas Bank, NTPC Green Energy, Reliance Industries

Arun Goswami
11 Dec, 2024
Mumbai

Investors turned cautious amid worries of persistent high inflation, largely driven by elevated food inflation and lack of progress in improving the nation's food storage and distribution system. 

The Sensex index increased by 0.03% to 81,540.45, and the Nifty index advanced by 0.1% to 24,626.10. 

On the Mumbai stock exchange, 139 stocks traded at their 52-week highs, and 13 stocks traded at their 52-week lows.

NTPC Green Energy rose 2.2% to ₹149.95, and the company's subsidiary, NTPC Renewable Energy Limited, won an order from the Solar Energy Corporation of India. 

The ₹2,000 MW solar power project, along with the ₹4,000 MW battery storage system, has a tariff of ₹3.52 per MWh. 

Asian Paints Ltd increased 0.8% to ₹2,406.80, and the Life Insurance Corporation increased its stake in the company to 7% from 5%. 

HG Infra Engineering Ltd. advanced 3.5% to ₹1,505.95, and the company said it won a ₹763.1 crore worth road project in Uttar Pradesh from the Ministry of Road Transport and Highways. 

Indian Overseas Bank gained 2.2% to ₹58.13 after the Income Tax Department issued a refund of ₹1,359.29 for the fiscal year 2016. 

Awfis Space Solutions increased 0.4% to ₹719.80, and Bisque, Peak XV Partners, and Link Investment Trust are likely to sell as many as 86 lakh shares in the company through a block deal. 

Adani Ports and SEZ Limited edged up 0.1% to ₹1,249.50, and the company said it plans to use its internal resources to finance a project in Sri Lanka. 

Reliance Industries inched up 0.1% to ₹1,286.05 after several reports suggested that the diversified conglomerate is in talks to arrange a loan worth $3 billion, or ₹26,000 crore, from international investors.