India Movers: Aeroflex, Afcon, Dixon Technologies, Happy Forgings, Mazagon Dock, RITES, Zinka Technologies

Arun Goswami
16 Dec, 2024
Mumbai

Stock market indexes in Mumbai struggled to advance amid a cautious earnings outlook for the second half in the current financial year. 

The Sensex index decreased by 0.5% to 81,700.21, and the Nifty index declined by 0.5% to 24,641.35. 

On the Mumbai stock exchange, 270 stocks traded at their 52-week highs, and 18 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.79%, and the Indian rupee eased to 84.83 against the U.S. dollar.

Afcon Infrastructure Limited increased 5.1% to ₹548.95 after the company won a ₹1,007 crore project from Madhya Pradesh Metro Rail Corporation. 

Happy Forgings Ltd. decreased 0.8% to ₹1,039.55, and the company won an order to supply crankshafts for ₹140 crore. 

RITES Ltd. rose 2.7% to ₹304.30 after the company won an order from the Ministry of External Affairs for constructing an Integrated Check Post over the next five years. 

The total value of the project is estimated at ₹297.9 crore.

Aeroflex Industries declined 0.8% to ₹225.39, and the diversified flexible flow solution provider's board approved a secondary stock offering to raise as much as ₹400 crore. 

Dixon Technologies India Ltd. rose 4.2% to ₹18,740.05, and the electronics manufacturing company and China-based Vivo formed a joint venture to manufacture electronic devices, including smartphones. 

Zinka Logistics dropped 3.9% to ₹406.10 after the company said net loss in the current quarter expanded. 

Revenue in the September quarter soared to ₹98.8 crore from ₹63.4 crore, and net loss expanded to ₹270 crore from ₹47.7 crore a year ago, respectively. 

Mazagon Dock Shipbuilders rose 2.7% to ₹4,996.05, and the company clarified that the recent news about the company winning six submarine contracts from the Indian Navy