India Movers: BPCL, Indian Oil, Ola Electric, Max India, NALCO, NTPC Green, Ramkay Infrastructure, Walchand Nagar Industries

Arun Goswami
26 Dec, 2024
Mumbai

Stock market indexes lacked direction and momentum in thin trading as investors reviewed portfolios ahead of the close of the calendar year. 

The Sensex index decreased by 0.1% to 78,412.81, and the Nifty index rose by 0.01% to 23,742.75. 

On the Mumbai stock exchange, 128 stocks traded at their 52-week highs, and 51 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.80%, and the Indian rupee eased to 85.28 against the U.S. dollar.

Indian Oil Corporation decreased 0.2% to ₹137.92, and the company said it plans to invest ₹61,000 crore to build a naphtha cracker project in Paradip, Odisha. 

Ola Electric Mobility Ltd. gained 1.4% to ₹95.36 after the company claimed its distribution network of stores has increased to 4,000 from 800 last month. 

Walchand Nagar Industries Ltd. rose 1% to ₹262.25 after the company received an order worth ₹45 crore from Flourine Korea Ltd. 

Max India Ltd. declined 1.2% to ₹276.40 after the diversified real estate and insurance company sold three floors in Max Towers located in Noida, Uttar Pradesh, for a total consideration of ₹105 crore. 

Bharat Petroleum Corporation advanced 0.7% to ₹294.25, and the company was deemed as the lowest bidder for NTPC's 150 MW solar power project. 

Ramkay Infrastructure Ltd. increased 2.9% to ₹621.15 after the company received an order worth ₹215 crore from Hyderabad Metropolitan Water Supply & Sewage Board. 

NALCO increased 2.2% to ₹218.15, and the company signed a coal mining agreement for two blocks in Odisha with the ministry of coal, increasing its annual coal production to 4 million or 40 lakh tons. 

NTPC Green Energy declined 4.8% to ₹126.70 after the one-month lock-up period for shareholders expired following the company's initial public offering.