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Sensex rises 97 pts; realty shares advance

Published on Feb 20, 2024 10:31

The headline equity benchmarks traded sideways in morning trade. The Nifty traded above the 22,100 level. Realty shares edged higher after declining in the past trading session.

At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 96.61 points or 0.13% to 72,804.77. The Nifty 50 index shed 1 point to 22,121.25.

In the broader market, the S&P BSE Mid-Cap index shed 0.04% and the S&P BSE Small-Cap index rose 0.32%.

The market breadth was positive. On the BSE, 2,085 shares rose and 1,478 shares fell. A total of 127 shares were unchanged.

New Listing:

Shares of Vibhor Steel Tubes were currently trading at Rs 442 at 10:20 IST on the BSE, representing a premium of 192.72% as compared with the issue price of Rs 151.

The scrip was listed at Rs 421, exhibiting a premium of 178.81% to the issue price.

So far, the stock has hit a high of 442 and a low of 421. On the BSE, over 0.97 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Realty index gained 1.75% to 892.15. The index declined 0.67% in the past trading session.

Macrotech Developers (up 5.16%), DLF (up 1.86%), Phoenix Mills (up 1.53%), Godrej Properties (up 1.44%) and Oberoi Realty (up 0.85%), Swan Energy (up 0.75%), Sobha (up 0.65%), Brigade Enterprises (up 0.27%) advanced.

Stocks in Spotlight:

Godrej Consumer Products rose 0.69%. The company and its arm will divest entire stake in its in Mauritius-based unit Godrej East Africa Holdings to HKG Africa Weave for consideration of Rs 30 crore.

CIE Automotive India shed 2%. The company�s consolidated basis, net profit was reported at Rs 168.94 crore in Q4 December 2023 as against net loss of Rs 657.81 crore in Q4 December 2022. Net sales declined 0.29% YoY to Rs 2240.40 crore in Q4 December 2023. The board approved a final dividend of Rs 5 per share.

Wardwizard Innovations & Mobility jumped 6.51% after the Joy e-bike achieved a milestone of crossing 100,000 sales in India. The company rolled out its 100,000th unit, Mihos from its manufacturing plant in Vadodara to mark the achievement.

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