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Movers and shakers in today’s trade

Power Grid stock gained over 3% on heavy volumes. The stock extended its rally for third straight day. It was the top gainer on the S&P BSE Power Index.

Shares of Sobha Ltd rose 1% after the company plans to invest Rs500cr for a residential project in GIFT City, Gujarat.

Shares of Bajaj Electricals surged 6% after the company bagged order worth Rs3577.93cr from Madhyanchal Vidyut Vitaran Nigam Ltd. from Uttar Pradesh state.

Shares of Idea Cellular stock rose 2% on the NSE. Around 4.23cr shares or 1% equity changed hands in two block deals.

Cipla stock slipped 1% after the company informed exchanges that the USFDA conducted a routine current Good Manufacturing Practices (cGMP) audit at its Indore formulations facility during April 2-13.

Aviation stocks gained in today’s trade after reports that the civil aviation ministry is considering a steep reduction on the GST levied on aviation maintenance, repair and overhaul (MRO) industry.

SpiceJet, Jet Airways and InterGlobe Aviation were trading in the range of 1% respectively.

Fortis Healthcare was trading flat ahead of a board meeting on Thursday to decide on investment offers.

Shares of Mahindra & Mahindra gained 2% after India Meteorological Department said that it expects India to have a normal monsoon. It also ruled out deficit monsoon.

Shares of Adani Ports rose 2% after the company said it signed long term regasification pact with Indian Oil for Dhamra LNG Terminal.