India Movers: Cigniti, Coforge, Jaiprakash Power, Max Estate, Utkarsh Small Finance Bank, Zydus Wellness

Arun Goswami
30 Dec, 2024
Mumbai

Stock market indexes lacked direction in Monday's trading after the rupee hit a new record low ahead of the release of foreign fund flows data later in the week. 

The Sensex index decreased by 0.1% to 78,629.0, and the Nifty index fell by 0.2% to 23,771.85. 

On the Mumbai stock exchange, 62 stocks traded at their 52-week highs, and 39 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.83%, and the Indian rupee eased to a new record low of 85.39 against the U.S. dollar.

Coforge Ltd. decreased 0.3% to ₹9,409.30, and the company's board approved the merger of its subsidiary Cigniti Technologies.

The software development company holds a 54% stake in its subsidiary. 

Cigniti Technologies decreased 0.02% to ₹1,848.50. 

Max Estates Limited edged higher 5.3% to ₹590.0 after the company reported strong demand for its luxury properties in Noida.

The company pre-booked ₹845 crore worth of residential properties in the first week of the launch of Phase II of Estate 128 in Noida, increasing the total for the project to ₹2,700 crore. 

The company confirmed the sale of ₹5,000 crore in the first nine months of the current financial year ending in September, and the real estate developer reiterated its full-year revenue estimate between ₹4,800 and ₹5,200 crore. 

Jaiprakash Power Ventures declined 4.8% to ₹17.01 after the SEBI imposed a fine of ₹54 lakh on the company and managing director Suren Jain and other executives for misrepresenting the company's financial statements. 

Utkarsh Small Finance Bank Ltd gained 2.6% to ₹35.41 after the microloan lender's plans to sell ₹355 crore worth of nonperforming assets for ₹52 crore, seeking a recovery of 14.6%. 

Zydus Wellness decreased 0.6% to ₹1,887.60 after the company's subsidiary received a goods and service tax demand for ₹56.3 crore from the tax authority.