India Movers: Ami Organics, Emami, Jubilant Food Works, Sammaan Capital, Shriram Finance, SBI, Vedanta

Arun Goswami
12 Dec, 2024
Mumbai

Stock market indexes in Mumbai struggled to find direction ahead of the domestic inflation data later in the week. 

The Sensex and Nifty indexes stayed around the flatline ahead of the release of industrial output data later in the day. 

Consumer price inflation in November is expected to ease following the slowdown in food price inflation. 

Industrial output is likely to struggle to advance amid a weak rebound in manufacturing activities. 

The Sensex index decreased by 0.03% to 81,511.29, and the Nifty index advanced by 0.1% to 24,626.10. 

On the Mumbai stock exchange, 212 stocks traded at their 52-week highs, and 14 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 84.84 against the U.S. dollar.

Vedanta Limited advanced 1.3% to ₹521.0, and the company's board at a meeting on December 16 is likely to review a possible fourth interim dividend. 

Ami Organics gained 2.4% to ₹2,249.75, and the company's board approved additional capital expenditure of 177 crore to manufacture electrolyte additives products at a brownfield facility located in Jhagadia. 

Emami Ltd. decreased 0.3% to ₹620.65, and the Central Delhi District consumer watchdog has imposed a ₹15 lakh fine for its unfair marketing practices linked to its Fair and Handsome Cream. 

Sammaan Capital declined 0.1% to ₹167.70, and the formerly known Indiabulls Housing Finance's board has approved a secondary equity offering to raise ₹2,500 crore. 

State Bank of India decreased 0.1% to ₹860.70, and the company invited bids for the sale of bad debts worth 52,074 crore issued to Jaiprakash Associates. 

Shriram Finance Limited increased 0.2% to ₹3,253.60, and the company sold its entire 84.44% stake in its housing finance subsidiary for ₹3,929 crore to Warburg Pincus. 

Reliance Infrastructure Ltd. advanced 1% to ₹298.0, and the Supreme Court issued a contempt notice for the company's subsidiary Delhi Metro Air Express and Axis Bank for failing to pay a refund of ₹4,700 crore to Delhi Metro Rail Corporation. 

Jubilant Food Works declined 2.9% to ₹687.35 after the company's parent company, Jubilant Bhartia Group, agreed to acquire a 40% stake in Hindustan Coca-Cola Beverages.