SpiceJet, NDTV, IDBI Bank and other stocks that moved most on August 24

The Sensex jumped 54.13 points or 0.09% to settle at 59,085.43 on Wednesday. During the day, it touched a high of 59,170.87 and a low of 58,760.09. Similarly, the Nifty gained 27.45 points or 0.16% to close at 17,604.95.

The broader indices ended in green with the BSE Mid cap index up by 0.80% and Small cap index up by 0.73%. The top gaining sectoral indices on the BSE were Realty up by 1.74%, Industrials up by 0.92%, Telecom up by 0.91%, Capital Goods up by 0.80%, and Bankex up by 0.67%, while IT down by 0.18%, TECK down by 0.15%, Consumer Durables down by 0.13%, Oil & Gas down by 0.10% and Auto down by 0.09% were the top losing indices on BSE.

Also Read | Indian government plans to sell at least 51% of IDBI Bank: Report

Here are the key stocks that moved the most on August 24:

SpiceJet: The share price rose 0.76% to close at Rs 46.60 after the financially troubled Indian carrier said it is open to investment from external parties, including other airlines, as it aims to raise Rs 2,000 crore.

Also Read | Gold, silver and other metal prices on Wednesday, August 24, 2022

New Delhi Television Limited: The stock remained locked at the 5% upper circuit, reaching a 14-year high of Rs 384.50 after Gautam Adani’s firm announced on Tuesday that it will acquire a controlling stake in the company. Vishvapradhan Commercial Private Limited (VCPL), a wholly owned subsidiary of AMG Media Networks Limited (AMNL), possesses warrants of RRPR Holding Private Limited (RRPRH) with the right to convert them into a 99.99% stake in RRPR. VCPL executed warrants to purchase a 99.5% share in RRPR. RRPR is an NDTV promoter group that owns 29.18% of the company.

Also Read | Congress slams Adani’s NDTV hostile takeover

IDBI Bank: The stock surged 2.31% to close at Rs 39.90 after reports that the government is considering selling at least 51% of state-owned IDBI Bank Ltd. Officials in the government and the Life Insurance Corporation of India, which together own about 94% of IDBI Bank’s shares, are in discussions about how much of their stakes they plan to sell. Both parties are likely to retain a stake in the lender after the sale.

Also Read | Fuel price August 24, 2022: Check petrol, diesel rates in your city

SecMark Consultancy: The stock price surged 5.40% to close at Rs 240 after the company’s board approved the issue of bonus shares. On August 23, the board of directors considered and approved the issue of bonus shares in the ratio of three fully paid-up equity shares for every two existing fully paid-up equity shares held by the shareholders, subject to the approval of the shareholders of the company, according to the press release by SecMark Consultancy.

Also Read | Rupee falls 4 paise to 79.87 against US dollar in early trade

Confidence Petroleum: The share price jumped 6.50% to close at Rs 68 after the company said that a meeting of the board of directors of Confidence Petroleum is scheduled to be held on August 27 to consider a proposal of fundraising through the issue of shares/Share warrants on the basis of preferential allotment.