Reliance, Tejas, Route Mobile and other stocks that moved most on June 29
- Reliance stock added 1.91% to close at Rs 2,567.00
- Route Mobile shares 6.79% to close at Rs 1,237
- Tejas Networks shares added 3.94% to settle at Rs 458.00
In a volatile session, The BSE Sensex ended 150.48 points or 0.28% lower at 53,026.97 as 20 of its stocks settled with losses. During the day, it plunged 564.77 points or 1.06% to 52,612.68 ahead of the expiry in the derivatives segment on Thursday.
The NSE Nifty fell 51.20 points or 0.32% to 15,799.10 with 34 of its stocks settling in the red.
Here are key stocks that moved the most on June 29:
Reliance Industries Limited: The stock added 1.91% to close at Rs 2,567.00 after billionaire businessman Mukesh Ambani resigned from the board of Reliance Jio Infocomm, handing over the reins of the digital and telecom arm of Reliance Group to his elder son Akash Ambani.
Route Mobile Limited: The stock fell 6.79% to close at Rs 1,237 after the board of Route Mobile announced a Rs 120 crore share buyback via the open market route at a maximum price of Rs 1,700 per share. This is a 28% premium for the previous close.
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Tejas Networks: The share price added 3.94% to settle at Rs 458.00 after the Renesas Electronics Corporation, a Japanese premier supplier of advanced semiconductor solutions, announced a strategic partnership with Tata Motors and Tejas Networks on the design, development, and manufacturing of Renesas’ semiconductor solutions for enhancing innovation across electronics systems for the Indian and emerging markets.
Hazoor Multi Projects: The share price jumped 4.87% to end at Rs 35.50 after the company secured a work order from Nagpur Mumbai Super Communication Expressway Ltd for the execution of the change of scope work in Ahmednagar district on EPC mode for Rs 14.11 crore.
Orient Bell: The stock surged 13.46% to close at Rs 657.95 after the company announced the on-time completion of two projects involving a CAPEX of Rs 20 crore. GVT Tile plant capacity in Sikandrabad (UP) has increased by 0.7 million square meters (MSM) per annum and there was a conversion of the plant in Gujarat’s Dora from ceramic floor to vitrified floor with incremental volume potential being around 1.2 MSM per annum.